💨 Abstract

India's Kotak Mahindra Bank reported a 10% increase in Q4 profit, driven by loan growth, but provisions for bad loans surged. Net profit was 33.05 billion rupees, in line with estimates. Net interest income rose 10% to 71.96 billion rupees, but the net interest margin shrank. Kotak's loans and deposits both increased by 15-16%.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖