Kotak Mahindra Bank Q3 profit rises 23% to â¹1,291 crore
Kotak Mahindra Bank's net profit for the December quarter rose 23% year-on-year to â¹1,291 crore, against a profit of â¹1,053 crore in the same period last year. The lender's net interest income rose to â¹2,939 crore from â¹2,394 crore in the year-ago period. Gross bad loans declined to 2.07% of total advances from 2.31% in the corresponding quarter last year.