Kotak Mah Bank net profit up 6.5% at Rs 443 crore for the quarter ended in June, Latest Stock Price
Private sector lender Kotak Mahindra Bank reported higher than expected numbers in the quarter ended June 2012, but there was an increase in non-performing asset.
Consolidated net profit of the bank rose by 6.5% year-on-year to Rs 443 crore in the first quarter of FY13. Net interest income went up by 19.63% to Rs 1,100.6 crore during the quarter.
Analysts on an average had expected net profit of Rs 481 crore and Rs 1,067 crore in the April-June quarter.
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