BUSINESSTimes of India Business ยท 2 hours agoLive
Kotak Mahindra Bank Q2 results: Consolidated net profit jumps 26% to Rs 5,645 crore
Reported by Times of India Business, not nibnow. We are not the publisher of this story, only the source is.
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WHAT HAPPENED
Kotak Mahindra Bank reported an impressive 26% growth in its consolidated net profit for the September quarter of FY27. Standalone profit surged by 29%, reaching Rs 4,212 crore. The bank's asset quality improved, as evidenced by the notable decrease in gross non-performing assets. Moreover, the net interest income increased by 16%, with a robust capital adequacy ratio of 21.9%. Nevertheless, the net interest margin dipped to 4.
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