| The bank made additional provision of Rs 2.96 crore for standard assets and Rs 5.06 crore on change in accounting practice in accordance with accounting standard 15 for employee benefits liability. |
| The Mumbai-based bank's net interest income zoomed 61 per cent in the quarter ended June 30, 2006 to Rs 111.41 crore from Rs 69.30 crore last year. Its other income skyrocketed 78 per cent to Rs 64.29 crore. |
| The bank's advances too jumped 67 per cent year-on-year to Rs 7,251.53 crore on June 30 and deposits grew 57 per cent y-o-y to Rs 4,881.86 crore. |
| The bank had around 2,00,000 deposit accounts at end of June, up from 86,300 on June 30, 2005. Kotak Bank had 65 full-fledged branches across 43 towns and cities in India on June 30 and targets to have around 110 branches by March 2007 across 65 towns and cities. |
| Kotak Bank's consolidated net profit in the first quarter ended June 2006 was up a whopping 125 per cent to Rs 104.43 crore from Rs 46.47 crore last year. Its consolidated total income in the first quarter was up by 70 per cent to Rs 776.58 crore from Rs 455.51 crore a year ago. |
| The bank's consolidated advances were up 38 per cent to Rs 10,652.65 crore in the June quarter from Rs 7,204.27 crore in the June 2005 quarter with retail loans accounting for 86 per cent of the portfolio. |
| Its consolidated net NPAs on June 30, 2006 were 0.26 per cent of the consolidated net advances, down from 0.33 per cent a year earlier. |
| The consolidated net interest margin for the first quarter of 2006-07 was 5.3 per cent, marginally up from 5.1 per cent a year earlier. |
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