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Kotak Mahindra Bank reports 27% rise in Q3 consolidated net profit
Jan-20-2020

Kotak Mahindra Bank has reported results for third quarter ended December 31, 2019.

The bank has reported 23.62% rise in its net profit at Rs 1,595.90 crore for the quarter under review as compared to Rs 1,290.93 crore for the same quarter in the previous year. Total income of the bank increased by 11.96% at Rs 8,077.03 crore for Q3FY20 as compared Rs 7,214.21 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported a rise of 27.37% in its net profit at Rs 2,348.72 crore for the quarter under review as compared to Rs 1,844.01 crore for the same quarter in the previous year. Total income of the bank increased by 19.34% at Rs 13,542.43 crore for Q3FY20 as compared Rs 11,347.39 crore for the corresponding quarter previous year.

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