Kotak Mahindra Bank Q2 cons net up 16% at Rs 583 cr

Kotak Mahindra Bank today reported a consolidated net of Rs 583 crore for the quarter ended September 30, 2013 as compared to Rs 502 crore for the quarter ended September 30, 2012, a gain of 16%.

Total Income (consolidated) has decreased from Rs 4,035 crore for the quarter ended September 30, 2012 to Rs 3,696 crore for the quarter ended September 30, 2013.

Consolidated net interest margin at 4.9% vs 4.6% y-o-y.

The standalone Q2 PAT stood at Rs 352.5 crore against Rs 280 crore in the same period last year, up 26%.

Standalone NII up 22% at Rs 924 crore  for the quarter ended September 2013 vs Rs 758 crore in the same period last year.