Kotak Mahindra Bank Q2 Net Profit Rises 26%; NIM Slips
Consolidated net profit for the September quarter rose to 5,645 crore from 4,468 crore a year earlier. The bank attributed the increase to loan growth, higher fee income and lower provisions; net interest margins narrowed.
Our Bureau Mumbai: Kotak Mahindra Bank reported a 26% increase in its consolidated net profit for the September quarter to 5,645 crore from 4,468 crore a year earlier, aided by strong loan growth, higher fee income and lower provisions. Net interest margins, however, narrowed as the share of low-co…