Private sector lender Kotak Mahindra Bank today reported a 64 per cent decline in its profit after tax (PAT) at Rs 130.90 crore for the third quarter ended December 2008, as compared to Rs 363.73 crore in the same period last year.
The bank's total income fell by 32.14 per cent to Rs 1,684.75 crore during the quarter under review, from Rs 2,482.72 crore in the year-ago period.
During the quarter the bank's interest income rose 13.60 per cent to Rs 1,127.31 crore, from Rs 992.32 crore in the same period last fiscal.
On a standalone basis, the private sector lender reported a net profit of Rs 71.13 crore, and it had a total income of Rs 912.55 crore during the December quarter.
For the nine-month ended December 2008, the bank reported a 41 per cent decline in its PAT at Rs 441.72 crore, and a total income of Rs 5,011.51 crore.
Shares of Kotak Mahindra Bank were trading at Rs 278.20, down 5.28 per cent on the BSE.
