Home Business Kotak Mahindra Bank's quarterly net profit up 27% year-on-year

Kotak Mahindra Bank’s quarterly net profit up 27% year-on-year

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.

(Except for the title, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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