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Kotak Mahindra Bank has reported a 55.84 per cent decline in standalone net profit for the first quarter ended June 30, 2015 at Rs 189.78 crore as against Rs 429.80 crore in the same quarter of the previous fiscal. The profits are.

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REUTERS – Kotak Mahindra Bank (KTKM.NS), India’s fourth largest private sector lender by assets, posted a 23 percent jump in its first-quarter net profit, helped by higher interest and fee income. Net profit rose to 9.13 billion rupees.

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Consolidated EPS for the quarter stood at Rs. 5.42. Management Comments: Announcing the results, Uday Kotak, Executive Vice Chairman & Managing Director, Kotak Mahindra Bank said, “Integration process is progressing as.

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The acquisition has been approved by the Board of Directors of Kotak Mahindra Bank and is for an aggregate all-cash consideration of Rs. 139.2 crore. As of June 30, 2016, BSS has a net-worth of approximately Rs. 73 crore and.

About Kotak Mahindra Bank Kotak Mahindra Bank is part of the Kotak Mahindra. NOTE FOR EDITORS For convenient access to the latest financial information and press releases both online and offline, download the ING.

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Kotak Mahindra Bank reported a 290 percent spike in its standalone net profit to Rs. 742 crore for the June 2016 quarter (Q1) on account of a 20 percent rise in net interest income and a 41 percent fall in provisioning for bad loans. The.

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Mumbai, Jan 25 (PTI) The fourth largest private sector lender Kotak Mahindra Bank today reported a healthy 34 per cent growth in its December quarter net at Rs 1,267 crore, boosted by a spike in core interest income. The city.

In its first earnings report after its merger with ING Vysya Bank, Kotak Mahindra Bank reported a 26% fall in consolidated net profit at Rs 517 crore in the June quarter, hit by massive provisions for the South India-based lender’s stressed.

The reduced charges were applicable on the transactions done through the internet banking (INB) and mobile banking (MB) services offered by the bank. Additionally, the bank had also waived charges for fund transfer of up to Rs 1,000.

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New Delhi: Kotak Mahindra Bank (KMB) on Tuesday announced that it has become India`s first bank to launch access to DigiLocker on the Bank`s Net Banking platform. Through this platform, customers can eliminate the use of physical.

Kotak Mahindra Bank on Thursday reported a 40.3 per cent year-on-year (y-o-y) rise in standalone net profit for the quarter ended March to Rs 976.48 crore on the back of a 16.4 per cent y-o-y growth in net interest income (NII) to Rs 2,161 crore.

India’s Kotak Mahindra Bank has started an online money transfer service that uses a person’s Facebook user name and password, the bank said in a statement on Monday. The service, which is “bank agnostic,” hopes to capitalize on.

The private lender however saw a marginal decline in its net interest margin in the December quarter. Net interest margin, a measure of profitability of banks, declined to 4.7 per cent for Kotak Mahindra Bank, against 4.8 per cent in the.

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Mumbai: Kotak Mahindra Bank on Thursday reported a 26 percent increase in June quarter net at Rs 1,346.82 crore, helped by an increase in core income and also on better show by subsidiaries. The fourth largest private sector.

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NEW DELHI: Private sector lender Kotak Mahindra Bank’s standalone net profit jumped 40.3 per cent to Rs 976.48 crore during the last quarter ended March 2017. The bank had reported a net profit of Rs 695.78 crore in the corresponding.

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Mumbai: Kotak Mahindra Bank Ltd on Thursday reported a 26.2% increase in consolidated quarterly net profit from a year ago as it benefited from loan growth and higher interest and non-interest income. Profit rose to Rs1,346.82 crore in the.

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Private player Kotak Mahindra Bank on Friday reported consolidated net profit of Rs 942 crore for the second quarter ended September 30, 2015-16. The Group has posted a profit after tax of Rs 718 crore in the July-September quarter.