Wednesday, 25 January 2017

Kotak Bank Q3 cons net up 34% at Rs 1,267 cr

Private sector lender Kotak Mahindra Bank on Wednesday reported a growth of 34 per cent in its consolidated net profit for the October-December quarter of 2016 at Rs 1,267 crore. The bank had posted the consolidated net profit of Rs 945 crore in corresponding quarter of previous fiscal, said Kotak Mahindra Bank in a filing to BSE on Thursday. The consolidated total income of the bank rose by 10.35 per cent at Rs 7,670.04 crore in Q3 FY17 from Rs 6,950.41 crore in Q3 FY16. 

On the standalone basis, the bank has posted profit after tax (PAT) of Rs 880 crore from Rs 635 crore in the year ago period, registering a growth of 39 per cent. In the quarter, net interest income climbed by 16 per cent to Rs 2,050 crore as compared to Rs 1,766 crore in the year ago period.

FREE TRIAL =FINANCIAL TRADING+INTRADAY CALLS+STOCK NEWS and many more just in a simple click here

No comments:

Post a Comment