Kotak Mahindra Bank Q1 Net Profit Jumps 26% to Rs 4,123 Crore as Provisions Fall

Summary

Kotak Mahindra Bank reported a 26% year-on-year increase in net profit to Rs 4,123 crore for Q1, driven by a fall in provisions. The bank's Net Interest Income (NII) also grew by 9% to Rs 7,928 crore.