Private lender Kotak Mahindra Bank on Tuesday reported a marginal rise of 2.4% in consolidated net profit at Rs 591.25 crore for the third quarter ended December 2013.
Profit a year earlier was Rs 577.21 crore, Kotak Mahindra said in a filing to the BSE. Total income increased to Rs 4,424.5 crore from Rs 4,157.12 crore.
On a standalone basis, the bank's net profit declined to Rs 339.98 crore from Rs 361.68 crore in the third quarter a year earlier.
Total standalone income increased to Rs 2,492.01 crore for the quarter from Rs 2,399.44 crore.