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Kotak Mahindra, Reserve Bank of India
India Kotak Mahindra Bank's quarterly profit misses estimates on higher provisions
India's Kotak Mahindra Bank on Saturday reported a lower-than-expected 5% increase in July-September profit on higher loan provisions while lending margins shrank. The private lender's standalone net profit,
Kotak Mahindra Bank reports 5% rise in standalone net profit
Despite higher provisions, the bank's net interest income rose 11% to Rs 7,020 crore. Meanwhile, provisions for the quarter were at Rs 660 crore, up 80%.
Kotak Mahindra Bank's Robust Quarterly Growth Amid Challenges
Kotak Mahindra Bank reported a 13% rise in quarterly profit, reaching Rs 5,044 crore, driven by its subsidiaries' performance. While standalone profit grew 5%, provisions limited gains. The bank experienced a rise in unsecured loan slippages,
20h
on MSN
Kotak Mahindra Bank to acquire Standard Chartered Bank’s personal loan book worth ₹ ₹4,100 crore
Kotak Mahindra Bank will acquire Standard Chartered Bank’s personal loan book worth ₹4,100 crore on October 18, 2024. This ...
Mint
4h
Q2 Results Today: HDFC Bank, RBL Bank, Kotak Mahindra Bank, 19 others to declare Q2 results 2024 on Saturday — Oct 19
Q2 Results Today: Several prominent companies, including HDFC
Bank
Ltd,
Kotak
Mahindra
Bank
Ltd ... High Energy ...
1d
on MSN
Kotak Mahindra Bank to acquire personal loan book of Standard Chartered
As of September 30, Standard Chartered's personal loan book in India had an outstanding balance of Rs 4,100 crore ($488 ...
1d
Kotak Bank to acquire StanChart India’s personal loan portfolio
Kotak Mahindra Bank acquires Standard Chartered Bank's personal loan book to strengthen retail credit market position.
5h
Kotak Mahindra Bank says ‘actively working’ on RBI directive about credit cards, digital customer acquisition
Kotak Mahindra Bank said that 30-40% of total slippages in Q2 FY25 came from the credit card portfolio, which is being closely monitored.
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