Kotak Mahindra Bank Ltd.

Kotak Mahindra Bank has reported results for first quarter ended June 30, 2014.

The bank has reported 6.70% rise in its net profit at Rs 429.80 crore for the quarter as compared to Rs 402.82 crore for the same quarter in the previous year. Total income of the bank has increased by 1.27% at Rs 2686.11 crore for quarter under review as compared to Rs 2652.40 crore for the quarter ended June 30, 2013.

On the consolidated basis, the group registered a rise of 11.28% in its net profit after taxes, minority interest and share of profit / (loss) of associates at Rs 698.31 crore for the quarter as compared to Rs 627.50 crore for the same quarter in the previous year. Total income of the group, on consolidated basis, has increased by 15.56% at Rs 5006.63 crore for quarter under review as compared to Rs 4332.98 crore for the quarter ended June 30, 2013.