Profit Rises by 291%

Published by Metro India News Online on July 22, 2016 11:02:23 AM

Kotak Mahindra Bank on Thursday reported a net profit of Rs741.97 crore for the quarter ended June, registering a year-on-year rise of 291%.

The bank's gross non-performing assets surged 25.81% from the corresponding period a year ago. Notably, the bank merged ING Vysya Bank with itself in April 2015 and started reporting results including ING Vysya only in subsequent quarters.