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Kotak Mahindra Bank Q2 Results: Net profit below estimates as RBI ban, rise in NPA bite

economictimes.indiatimes.com 19-10-2024 02:13 0.5 Minutes reading
Kotak Mahindra Bank reported a 5% increase in standalone profit to Rs 3,344 crore for the quarter ended September 2024, driven by an 11% growth in net interest income. However, rising NPAs and a slowdown in consumer loans pressured margins and increased provisions.

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