💨 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 🤖
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