 "Kotak buys out Old Mutual's 26% stake for Rs 1,293 cr in insurance arm")
Private lender Kotak Mahindra Bank reported a 13.9 per cent rise in its March 2019 quarter (Q4) consolidated net profit on account of higher net interest income.
Profit after tax at the consolidated level rose to Rs 2,038 crore in the fourth quarter of financial year 2018-19 from Rs 1,730 crore in the year-ago period (Q4 FY18).
Total consolidated income went up 27 per cent year-on-year (YoY) to Rs 13,823 crore, said the bank in a filing to the stock exchanges on Tuesday.
At the standalone level, the bank reported a 25 per cent rise in net profit to Rs 1,408 crore from
