Increase in net income earnings and also in the non-interest incomes pushed up the net profit of Kotak Mahindra Bank.

The fourth quarter results which were announced on Tuesday showed that the net profit of the bank has reached Rs. 418.55 crore. This boils down to Rs. 11.90 per share. This is higher than Rs. 210.66 crore or Rs. 6.09 per share that was seen in the same period last year.

This means that the net profit and earnings per share grew up by 99 per cent and 95 per cent respectively.

Kotak Mahindra is into various areas of financial services and has been doing quite well in its field.

The net interest income of Kotak Bank rose 25 per cent to become Rs. 783.90 crore as against Rs. 627.63 crore during the same period last year. The non-interest income, on the other hand, increased by 51 per cent to become Rs. 1,697.56 crore as against Rs. 1,127.67 crore last year.

The consolidated profit of the bank was Rs. 1,307.00 crore as against Rs. 652.39 crore last year, an increase of 100 per cent over last year. The consolidated income for the fourth quarter was Rs. 2,945.31 crore, a rise of 32 per cent.