Kotak Mahindra Bank Q2 net up 86.22%

Kotak Mahindra Bank Q2 net up 86.22%

Mumbai: Private sector lender Kotak Mahindra Bank today reported 86.22% rise in its net profit at 299.76 crore for the second quarter ended 30 September over the same period last year.

Total income rose to 2,312.91 crore in the latest quarter ended September 30, 2009, up 25.05% from 1,849.51 crore in the same period corresponding fiscal, Kotak Mahindra Bank said in a filing to the Bombay Stock Exchange.

On standalone basis, the bank reported a net profit of 125.90 crore for the July-September quarter, jumped over two-folds to 47.86 crore in the same period last fiscal.

Shares of Kotak Mahindra Bank were trading at 764.10 on the BSE, down 2.18 per cent from its previous close.

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