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On Thursday, the Kotak Mahindra Bank has posted almost fourfold jump in its standalone net profit to Rs 741.97 crore in the first quarter ended June.
During the corresponding period of previous fiscal, the net profit of the bank was at Rs 189.78 crore.
It has said in a regulatory filing that the “Total income has increased to Rs 5,120.03 crore for the quarter ended June 2016 from Rs 4,583.86 crore a year ago.”
The consolidated profit of Kotak Mahindra Group also more than doubled to Rs 1,067.10 crore during April-June from Rs 516.57 crore in the year-ago period.
