Kotak Q2 PAT falls 33.33% to Rs 161 cr
Kotak Mahindra Bank today said its consolidated profit after tax (PAT) fell over 33 per cent to Rs 160.97 crore during the second quarter of 2008-09, from Rs 241.45 crore during the same quarter last year. Its total income went up by 2.08 per cent during the quarter to Rs 1,849.52 crore.
During the period, interest income went up by 30.34 per cent to Rs 1,092.89 crore. Non-tax provisions rose by 26.95 per cent to Rs 65.95 crore during the second quarter this year from Rs 51.95 crore during July-September 2007.
On a standalone basis, the bank’s PAT fell by 36.51 per cent to Rs 47.86 crore during July-September 2008. Total income was 12.98 per cent higher at Rs 806.77 crore in the second quarter this year.
Uco Bank’s net jumps 36% to Rs 150 crore
Kolkata-headquartered Uco Bank today reported a net profit of Rs 150.09 crore for the quarter ended September 30, 2008, as against Rs 110.53 crore in the corresponding period last year, a growth of 35.79 per cent. The total income of the bank in the second quarter was Rs 2,187.98 crore, compared with Rs 1,734.19 crore during the corresponding period last year, an increase of a little over 26 per cent.
J&K Bank Q2 net profit up 7.53%
Jammu & Kashmir Bank today said its net profit grew by 7.53 per cent to Rs 115.92 crore for the July-September quarter from Rs 107.8 crore in the corresponding quarter last year. Total income stood at Rs 788.81 crore in the quarter, as against Rs 664.77 crore last year. For the six months ended September 30, the bank’s net profit rose by 10.17 per cent to Rs 210.48 crore.
ING Vysya Bank Q2 net rises 2%
ING Vysya Bank today reported a 2 per cent rise in its second quarter net profit at Rs 47 crore, thanks to a net write-back of Rs 9.8 crore in provisions and contingencies due to reclassification of a non-performing asset against a charge of Rs 21.6 crore. Total income went up 29.5 per cent to Rs 655.2 crore during the second quarter of 2008-09.
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