The private lender’s standalone profit jumped 27% from the same period last year. (file)
Mumbai:
India’s Kotak Mahindra Bank on Saturday reported a higher-than-expected jump in net profit for the July-September quarter, lifted by strong credit growth.
The private lender’s standalone profit jumped 27% to 25.80 billion Indian rupees ($313 million) from the same period last year.
According to data from Refinitiv IBES, analysts were expecting a profit of Rs 23.68 billion.
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