Kotak Mahindra Bank Q4 Profit Rises 13% to Beat Estimates
Kotak Mahindra Bank reported a 13% rise in quarterly profit to 40.27 billion rupees. Strong loan demand and lower provisions helped the lender beat estimates.
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KOTAK MAHINDRA BANK LTD reported a 13% rise in fourth-quarter profit to 40.27 billion rupees on Saturday morning. The result beat the 37.37 billion rupees expected by analysts, according to data compiled by LSEG. Strong loan demand in India and improved asset quality are driving outperformance among the nation's top private lenders.
