New Delhi: Private actor Kotak Mahindra Bank currently reported combined net distinction of Rs 942 crore for a second entertain finished 30 Sep 2015-16.
The organisation has posted a distinction after taxation of Rs 718 crore in a July-September entertain of a 2014-15 fiscal.
“The formula for a entertain and half year finished Sep 30, 2015 embody operations of earlier ING Vysya. Hence, a results…are not allied with that of a analogous duration of a prior year,” Kotak Bank pronounced in a filing to a BSE.
The Reserve Bank had authorized partnership of ING Vysya Bank with Kotak Mahindra Bank effective 1 Apr 2015.
Consolidated sum income stood during Rs 6,729 crore for a second entertain of a stream fiscal, as opposite Rs 4,920 crore in a year-ago period.
ICICI Bank reports 12% arise in Q2 distinction during Rs 3,419 cr
Tata Communications reports Rs 6.02 cr net distinction in Q2
Reliance Industries Q2 net distinction adult 12.52% during Rs 6,720 cr
On a standalone basis, Kotak Bank posted net distinction of Rs 569 crore for a entertain finished 30 Sep 2015. It had a distinction of Rs 444 crore for a second entertain of final fiscal.
Total income stood during Rs 4,621 crore for a entertain finished 30 September. It was during Rs 2,819 crore in a same entertain final fiscal.
On a standalone basis, sum non-performing resources as a commission of sum advances rose to 2.35 percent in a Sep quarter. This is adult from 1.89 percent in a analogous duration a year ago.
Kotak Bank batch was trade during Rs 691.50, adult 4.20 percent, over prior tighten on BSE.