Kotak Mahindra Bank Q1 results: Profit slips 7% YoY

Posté

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

Chargement...

Connectez-vous pour aimer, partager et commenter!

National

Ranjita assigns Shiva Bastola as NUP’s Acting President

KATHMANDU: Shiva Bastola has been appointed as the Acting President of the Nagarik Unmukti Party...

Par 0 3

International

‘Disruptive behaviour’: Did French authorities remove Jewish passengers from Paris-bound plane? What airlines said

French authorities are investigating the removal of a group of young French citizens, members of...

Par 0 5

International

Russia starts direct flights to North Korea

Russia has initiated direct commercial flights to North Korea, signaling strengthened ties amidst...

Par 0 6

Entertainment

Watch: Chahal’s first-ever b'day surprise by RJ Mahvash

Yuzvendra Chahal's 35th birthday in London turned into a heartwarming surprise orchestrated by RJ...

Par 0 6

Sports

'Just like Ponting in 2005'– Karthik backs Gill to lead India’s charge at Old Trafford

Dinesh Karthik lauded Shubman Gill's resilient performance in the fourth Test, drawing parallels...

Par 0 8