| Total income during the reporting quarter increased 62 per cent to Rs 455.50 crore as compared with Rs 280.90 crore in June 2004, a bank statement said. |
| During the quarter, the consolidated fee income, including life insurance premium, increased 101 per cent to Rs 196.70 crore from Rs 97.90 crore in the first quarter of last year, it said. |
| On a standalone basis, the bank posted a lower net profit of Rs 19.67 crore for the reporting quarter as compared to Rs 22.06 crore in the corresponding quarter of the previous fiscal. Its total income during the quarter declined to Rs 114.42 crore (Rs 176.73 crore). |
| The deposits of the bank during the reporting quarter grew by 71 per cent to Rs 4,882 crore as compared to Rs 2,850 crore as on June 30, 2004 while advances during the quarter grew 89 per cent year-on-year to Rs 4,356 crore. |
| The bank's capital adequacy ratio as on June 30 stood at 12.52 per cent, far higher that the stipulated 9 per cent. The 20th annual general meeting today approved a resolution to increase Kotak's authorised share capital from Rs 200 crore to Rs 350 crore. |
| The AGM also cleared the plan to issue bonus equity shares in the ratio of three equity shares for every two equity shares held. |
Explore Business Standard