Kotak Mahindra Bank Q2 results: Consolidated net profit jumps 26% to Rs 5,645 crore

Kotak Mahindra Bank reported an impressive 26% growth in its consolidated net profit for the September quarter of FY27. Standalone profit surged by 29%, reaching Rs 4,212 crore. The bank's asset quality improved, as evidenced by the notable decrease in gross non-performing assets. Moreover, the net interest income increased by 16%, with a robust capital adequacy ratio of 21.9%. Nevertheless, the net interest margin dipped to 4. https://ift.tt/KOXQtS6