Kotak Mahindra Bank has reported results for third quarter ended December 31, 2013.
The bank has reported 6.00% fall in its net profit at Rs 339.98 crore for the quarter as compared to Rs 361.68 crore for the same quarter in the previous year. However, total income of the bank has increased by 3.86% at Rs 2492.01 crore for quarter under review as compared to Rs 2399.44 crore for the quarter ended December 31, 2012.
On consolidated basis, the group has reported 2.44% rise in its net profit after taxes, Minority Interest and Share of Profit of Associates of Rs 591.25 crore for the quarter ended December 31, 2013 as compared to Rs 577.21 crore for the same quarter in the previous year. Total income of the group has increased by 6.43% at Rs 4424.50 crore for quarter under review as compared to Rs 4157.12 crore for the quarter ended December 31, 2012.
