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Kotak profit up on loan growth
Private sector lender Kotak Mahindra Bank on Thursday announced a 27% year-on-year increase in net profit at Rs 416 crore for the quarter ended June against Rs 328 crore last year, driven by higher loan growth.
Updated on: Jul 21, 2011, 21:10:29 IST
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Private sector lender Kotak Mahindra Bank on Thursday announced a 27% year-on-year increase in net profit at Rs 416 crore for the quarter ended June against Rs 328 crore last year, driven by higher loan growth.
Net interest income of the bank grew by 18% to Rs 568 crore during the April-June quarter compared to Rs 483 crore in the year-ago period.
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