Kotak Mahindra Bank Q2 Profit Rises 29%, Beats Estimates
Kotak Mahindra Bank reported standalone net profit of 42.11… for the quarter, citing stronger loan demand and lower provisions for bad loans.
By Gopika GopakumarIndia's Kotak Mahindra Bank NSE:KOTAKBANK reported a higher-than-expected quarterly profit on Saturday, driven by stronger loan demand and lower provisions for bad loans.The country’s third-largest private lender by market capitalisation posted a stand-alone net profit of 42.11…