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Net interest income jumped by 17% to ₹ 4,007 crore

Kotak Mahindra Bank on Monday reported a 10.76 per cent increase in its consolidated net profit for the October-December quarter at Rs 2,601.67 crore.During the same quarter last fiscal, the bank had reported a net profit of Rs 2,348.72 ...

Mumbai (Maharashtra) [India], January 25 (ANI): Private sector lender Kotak Mahindra Bank on Monday reported 16 per cent jump in its profit after tax for Q3 FY21 to Rs 1,854 crore from Rs 1,596 crore in the same period of last fiscal year.

BW Businessworld Kotak Mahindra Bank Q3 Profit Rises 16 % To Rs 1,854 Cr Total income rose to Rs 8,124.92 crore during the quarter under review from Rs 8,077.03 crore in the year-ago period Photo Credit : Bloomberg Private sector lender Kotak Mahindra Bank on Monday reported a 16 per cent increase in standalone net profit at Rs 1,854 crore for the third quarter ended December, as bad loan situation improved. The bank had posted a profit of Rs 1,596 crore during the October-December period of the previous financial year. Total income rose to Rs 8,124.92 crore during the quarter under review fr...

IL&FS Solar Power repays entire Rs 845 crore debt IL&FS Solar Power repays entire Rs 845 crore debt Debt-laden IL&FS on Thursday said its group company IL&FS Solar Power Ltd (ISPL) has paid its entire debt of around Rs 845 crore to all its creditors. This repayment supports the overall resolution process for IL&FS Group and will be a key intermediate step in the resolution of ISPL, an entity for which no bids were received pursuant to the publicly solicited bid process launched in November 2018, the group said in a release. "ISPL has paid its entire debt amounting to nearly Rs 845 crore acr...