Fourth largest private sector lender Kotak Mahindra Bank on Saturday reported a massive 67 per cent on-year jump in standalone net income at Rs 3,452 crore for the June quarter, buoyed by an overall improvement in performance especially on the margins side that scaled to near peak.
On a consolidated level, profit, which includes net gains from its subsidiaries in the brokerage/i-banking, ARC, wealth management, insurance businesses and microfinance and NBFC, grew 51 per cent to Rs 4,150 crore, the city-based lender said in a statement.