Kotak Mahindra Bank's Q4 profit rises 12.3% to â¹1,025 crore
Kotak Mahindra Bank has reported a 12.3% year-on-year rise in net profit to â¹1,025 crore for first quarter of FY19. Net Interest Income or the core income a lender earns by giving loans rose 15% to â¹2,583 crore. The bank's gross bad loans as a percentage of total loans improved to 2.17% from 2.22% in fourth quarter of last fiscal. 