01-01-1970 12:00 AM | Source: Reuters
India`s Kotak Mahindra Bank quarterly net profit jumps 27% y/y
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India's Kotak Mahindra Bank on Saturday reported a bigger-than-expected jump in net profit for the July-September quarter, lifted by strong loan growth.
The private lender's standalone profit jumped 27% from the same period last year to 25.80 billion Indian rupees ($313 million) in its fiscal second quarter.
Analysts were expecting a profit of 23.68 billion rupees, according to Refinitiv IBES data.
($1 = 82.5290 Indian rupees)
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