Kotak Mahindra Bank Q1 net spurs 27 pc

However, total income dipped to Rs 2,326.51 crore from Rs 2,338.19 crore in the corresponding period a year ago.

The net interest income of the bank rose by 24 per cent to Rs 508 crore during the quarter, while total deposits of the bank as on June 30 were up 38 per cent to Rs 24,058 crore.

The standalone results of the bank for Q1’2011 showed a net profit of Rs 186.90 crore against Rs 90.31 crore for Q1’2010, while total income rose to Rs 1,057.87 crore from Rs 893.93 crore.

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