Kotak Mahindra Bank reported a 4.8% increase in net profit for the second quarter, reaching ₹3,344 crore. However, this fell slightly below Bloomberg’s projection of ₹3,424 crore. The profit growth was limited by a significant rise in provisions during the quarter.
The bank’s net interest income (NII), a key measure of its core operations, grew by 11 per cent year-on-year, totaling ₹7,020 crore. Despite improved asset quality, the higher provisions impacted overall profitability.
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