Kotak Mahindra Bank’s 67% Profit Jump Beats Expectations
[ad_1] Kotak Mahindra Bank’s loans grew 19%, while deposits rose just over 22%. India’s Kotak Mahindra Bank beat expectations on Saturday with a 67% year-on-year rise in quarterly net profit, helped by higher net interest income and robust loan growth. The Mumbai-based private lender’s standalone net profit rose to 34.52 billion rupees ($421.1 million) in … Read more