Kotak Mahindra Bank Ltd.

Kotak Mahindra Bank has reported results for the quarter & year ended March 31, 2013.

The bank’s net profit for the quarter ended March 31, 2013 rise by 46.91% at Rs 4362.10 crore for the quarter as compared to Rs 2969.30 crore for the quarter ended March 31, 2012. Bank’s total income has increased by 28.67% at Rs 25722.30 crore for the quarter under review as compared to Rs 19990.60 crore for the corresponding quarter of the previous fiscal.

The bank’s net profit for the year ended March 31, 2013 rise by 25.41% at Rs 13607.20 crore as compared to Rs 10850.50 crore for the previous year ended March 31, 2012. Its total income has surged by 28.58% to Rs 92031.60 crore for the year under review from Rs 71575.80 crore for the previous year.

The bank’s gross NPA for the March 31, 2013 quarter of the current fiscal stood at 1.55%, lower as compared to 1.56% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 0.64%, higher as compared to 0.61% in the same quarter of the previous year.