Kotak Mahindra Bank, one of the leading private sector lenders, has reported a fall of 55.84% in standalone net profit on year-on-year basis to Rs 1.89 billion for the quarter ended Jun. 30, 2015. Standalone total income has increased 70.65% to Rs 45.83 billion for the quarter ended Jun. 30, 2015 as compared to Rs 26.86 billion in the same period last year.

On consolidated basis, the company has reported a fall of 26.03% in consolidated net profit on year-on-year basis to Rs 5.16 billion for the quarter ended Jun. 30, 2015. Consolidated total income has increased 27.53% to Rs 63.84 billion for the quarter ended Jun. 30, 2015 as compared to Rs 50.06 billion in the same period last year.

Consolidated net interest margin for the quarter stood at 4.29%. Consolidated capital adequacy ratio including unaudited profits as per Basel III as on Jun. 30, 2015 was 17.2% and Tier 1 ratio was 16.1%.

Announcing the results, Uday Kotak, executive vice chairman and managing director, Kotak Mahindra Bank said, ''We have taken significant provisioning costs in the first quarter of the combined bank post-merger.

Going forward, we are excited with the opportunities and synergies that this merger brings and are confident that it will lead us on a new trajectory of excellence and leadership.''

Shares of the company declined Rs 14.15, or 1.98%, to trade at Rs 702. The total volume of shares traded was 529,392 at the BSE (1.51 p.m., Friday).