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Earnings

Kotak Mahindra Bank's Q2 profit jumps 51% to Rs 1,724.5 cr, shares weak as NPAs rise marginally

Updated : October 23, 2019 06:48 AM IST

Kotak Mahindra Bank on Tuesday reported a 51 percent year-on-year jump in its standalone net profit which came in at Rs 1,724.5 in the second quarter ended on September 30.
The retail bank’s consolidated net interest income rose 24 percent year-on-year (YoY) to Rs 4,364 crore as against Rs 3,512 crore in the corresponding quarter last year.
At 2:25 pm, the shares of the Bank were down 0.20 percent to Rs 1,612 per share on the NSE.

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