Latest


Kotak Mahindra Bank's net dips 26 percent in Q1

  •   Thu, Jul 30 2015 05:42:55 PM

New Delhi, July 30 (IANS): Kotak Mahindra Bank posted consolidated net profit of Rs.516.6 crore for the first quarter of 2015-16, down 26 percent from the Rs.698.3 in the corresponding quarter in 2014-15.

In filing in the Bombay Stock Exchange on Thursday, the company said that its total income stood at Rs.6,384.63 crore for the quarter as against Rs.5,006.63 crore for the same quarter last fiscal.

This was the bank's first quarter that included erstwhile ING Vysya earnings post merger effective from April 2015.

"Employee cost for the quarter ended June 30, 2015, include provisions of Rs.339 crore towards benefits payable to all employees (pension, gratuity and compensated absences) of the erstwhile ING Vysya," the bank said.

 
  

Top Stories

M'luru: Walk-In Builders & Developers' new office opens at Mallikatte

  •   3 hours ago    1

Leave a Comment

Title: Kotak Mahindra Bank's net dips 26 percent in Q1



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.

You might also like