From correspondents in Maharashtra, India, 10:02 PM IST

Leading finance service provider Kotak Mahindra Bank has announced a net profit of Rs.1.5 billion in the first quarter of this financial year, compared to Rs.1.46 billion in the same period the previous year, recording a growth of three percent.

Total income in the latest quarter ending June 30 stood at Rs.14.87 billion, as against Rs.13.92 billion in the corresponding quarter last year, a seven percent increase.

(Staff Writer, © IANS)