Private sector lender, Kotak Mahindra Bank is reportedly planning to open 100 new branches during the current financial year, which includes 24-34 new branches in rural areas and another 25 in semi-urban areas. Till September 2013, the bank had around 503 branches and looks to take its tally to over 600 by March 2014.
Kotak Mahindra Bank has reported 25.74% rise in its net profit at Rs 352.54 crore for the quarter as compared to Rs 280.38 crore for the same quarter in the previous year. Total income of the bank has increased by 13.56% at Rs 2469.46 crore for quarter under review as compared to Rs 2174.50 crore for the quarter ended September 30, 2012.
Kotak Mahindra Bank has reported 25.74% rise in its net profit at Rs 352.54 crore for the quarter as compared to Rs 280.38 crore for the same quarter in the previous year. Total income of the bank has increased by 13.56% at Rs 2469.46 crore for quarter under review as compared to Rs 2174.50 crore for the quarter ended September 30, 2012.
No comments:
Post a Comment