Kotak Mahindra Bank Q1 net profit rises 26% to Rs 4,123 crore, beats estimates; asset quality improves

Kotak Mahindra Bank reported a stronger-than-expected standalone net profit for the June quarter, although net interest income fell short of Street estimates. The lender also reported an improvement in asset quality.

Kotak Mahindra Bank

Kotak Bank Q1 net profit rose 25.6% to Rs 4,122.96 cr.

Asset quality improved; GNPA fell to 1.18%.

NII up 9%; advances grew 15%, deposits 12%.

KMF

NSE/BSE Select

Day High

Day Low

Volume (NSE)

More

Moneycontrol News