Kotak Bank quarterly net soars 24%

Private player Kotak Mahindra Bank on Friday reported consolidated net profit of Rs 942 crore for the second quarter ended September 30, 2015-16. The Group has posted a profit after tax of Rs 718 crore in the July-September quarter of the 2014-15 fiscal. 

“The results for the quarter and half year ended September 30, 2015 include operations of erstwhile ING Vysya. Hence, the results...are not comparable with that of the corresponding period of the previous year,” Kotak Bank said in a filing to the BSE.