Kotak Mahindra Bank Q1 results: Profit slips 7% YoY | Dununu.com :...

Dununu.com Dununu

Sponsored

Kotak Mahindra Bank Q1 results: Profit slips 7% YoY

RSS Feed Business

Posted

43

Kotak Mahindra Bank's consolidated net profit witnessed a significant drop in the June quarter, reaching Rs 4,472 crore due to the absence of a one-time gain and margin pressures. While net interest income increased, the net interest margin contracted, impacting overall profitability. Provisions more than doubled, primarily due to stress in the microfinance and retail commercial vehicle segments.

Read Full Article

Please log in to like, share and comment!

Kuwaiti man duped by Sri Lankan woman who used another’s baby to get citizenship

A Sri Lankan woman in Kuwait fraudulently obtained citizenship by falsely claiming motherhood,...

By 0 8

How Oman kept 2025 inflation at 0.81%: Through subsidies, controlled imports, and stable food supply

Oman experienced a modest 0.81% inflation increase from January to May 2025, according to the...

By 0 8

IND vs ENG: Ex-India cricketer defends Shubman Gill - 'He will learn'

Deep Dasgupta defends Shubman Gill amidst criticism, emphasizing the challenges of captaining a...

By 0 14

Bridge construction on Sunkoshi River stalled for five years

KAVREPALANCHOWK: Construction of a concrete motorable bridge over the Sunkoshi River at...

By 0 17

'We must confront them': British woman slammed for criticising Hindi-speaking staff at Heathrow; accused of racism

By 0 26