Kotak Mahindra Bank Q2 Results: Net profit below estimates as RBI ban, rise in NPA bite
Mumbai: Kotak Mahindra Bank reported a 5% year-on-year rise in standalone profit to Rs 3,344 crore in the quarter ended September 2024 from Rs 3,191 crore a year ago led by a 11% rise in net interest income even as margins fell and provisions for non-performing assets increased. The bank’s profit was lower than the…