Kotak Mahindra Bank has posted a six per cent rise in consolidated net profit for fourth quarter ended March 2012 at Rs 521 crore on lower contribution from treasury.

Kotak Mahindra Bank reported a 6% increase in consolidated net profit at Rs 521 crore for the quarter ended March 2012 as against Rs 491 crore in the same period a year ago.

US private equity firm Warburg Pincus on Monday exited its more than seven-year-old investment in Kotak Mahindra Bank through a bulk deal.

Private equity investor Warburg Pincus LLC on Monday sold its remaining 3.6% stake in Kotak Mahindra Bank to raise about Rs 1,400 crore, two sources with direct knowledge of the matter said.

Kotak Mahindra Bank is trading higher by 2% at Rs 534 on the back of multiple block deals on the Bombay Stock Exchange.

Private equity investor Warburg Pincus sold about 17.5 million shares in Kotak Mahindra Bank via stock market deals on Wednesday to raise about $170 million, three sources with direct knowledge of the matter said.

Kotak Mahindra Bank has acquired the non-performing portfolio of Barclays Bank’s credit card business in India.

Aiming to transform itself into a bank of global scale, quality and size, 'ever-young' Indian banking company Kotak Mahindra Bank is looking for acquisition opportunities within India on a top priority basis, its chief Uday Kotak has said.

Kotak Mahindra Bank on Monday said its consolidated net profit for the quarter ended December 31 rose 21 per cent to Rs 463 crore from Rs 384 crore a year earlier.

Kotak Mahindra Bank has posted a rise of 46.96% in its net profit of Rs 276 crore for the quarter ended December 31, 2011 as compared to Rs 188 crore for the same quarter in the previous year.

The Madras High Court dismissed an appeal filed by Subhiksha Trading Services Ltd, which questioned authority of a representative of Kotak Mahindra Bank Ltd, who filed a winding up petition on behalf of the Bank.

Bankex has outperformed the frontline indices in trade today. Track banking stocks here.

In a first such initiative among commodity derivatives space, the Kotak Group-anchored Ace Derivatives and Commodity Exchange (Ace) has tied-up with Kotak Mahindra Bank for seamless financing for agri commodity traders.

Despite falling margins, private sector lender Kotak Mahindra Bank has reported a 19 per cent increase in consolidated net profit in the second quarter ended September 30 in comparison to same period last year.

Total income of the bank during the quarter fell to Rs 2,741 crore from Rs 2,947 crore, Kotak Mahindra said in a filing to the BSE.

Kotak Mahindra Bank expects loan demand from semi-urban and rural areas to boost business in this fiscal year, while credit growth for the sector could be lower than the central bank's projection of 18%, a top official said.

Backed by robust growth in net interest income, Kotak Mahindra Bank posted a consolidated net profit of Rs 416 crore for the quarter ended June, a rise of 27 per cent over the net profit of Rs 328 crore in the year-ago period.

The shares of Kotak Mahindra Bank were trading lower by 1.8% at Rs 481 on the Bombay Stock Exchange (BSE) after the company reported its Q1 numbers.

Kotak Mahindra Bank today has posted a profit after tax of Rs 416.10 crore for the quarter ended June 30, 2011, up   26.97% as compared to Rs 327.69 crore for the same quarter last year.

Bank of Baroda (BoB) and Kotak Mahindra Bank today announced hiking of lending rates by 25 basis points.