Kotak Mahindra Bank today reported 16% rise in its net profit at Rs 502.17 crore for the July-September period of the current fiscal.
The profit in the same quarter a year ago was Rs 432.58 crore.
The total income of the bank rose to Rs 4,035.75 crore in the quarter, up from Rs 2,740.84 crore in the year-ago period, the company said in a filing to BSE.
Income from other sources increased to Rs 1,425.97 crore from Rs 711.48 crore.
Net interest margin stood at 4.7% against 4.8% in the year ago period.
"Consolidated advances up 21% to Rs 61,255 crore as on September 30, 2012 from Rs 50,581 crore as on September 30, 2011," the filing said.
