Kotak Mahindra Bank reported a 26% on yr rise in consolidated September-quarter profit to ₹5,645 crore, while standalone profit rose 29%. Net interest income grew 16%, but margins narrowed amid FCNR(B) funding. Brokerages retained Buy ratings, citing growth prospects and potential margin recovery.
Kotak Mahindra Bank reported a 26% on yr rise in consolidated September-quarter profit to ₹5,645 crore, while standalone profit rose 29%. Net interest income grew 16%, but margins narrowed amid FCNR(B) funding. Brokerages retained Buy ratings, citing growth prospects and potential margin recovery.
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