Kotak Mahindra Bank Ltd.
-1.35 (-0.34%) Kotak Mahindra Bank reports 11% rise in Q3 consolidated net profit
Date: 25-01-2021Kotak Mahindra Bank has reported results for third quarter ended December 31, 2020.
The bank has reported 16.14% rise in its net profit of Rs 1853.54 crore for the quarter under review as against net profit of Rs 1595.90 crore for the same quarter in the previous year. Total income of the bank marginally increased 0.59% at Rs 8124.92 crore for Q3FY21 as compared Rs 8077.03 crore for the corresponding quarter previous year.
On the consolidated basis, the bank has reported 10.77% rise in its net profit at Rs 2601.67 crore for the quarter under review as against net profit of Rs 2348.72 crore for the same quarter in the previous year. Total income of the bank increased by 9.54% at Rs 14834.99 crore for Q3FY21 as compared Rs 13542.43 crore for the corresponding quarter previous year.