Private sector lender Kotak Mahindra Bank on Friday reported a 30.79 per cent jump in its consolidated December quarter net profit at Rs 3,402.74 crore, helped by an all-around performance across subsidiaries.
On a standalone basis, the city-based lender posted a 15 per cent rise in post tax net profit at Rs 2,131.36 crore, with a rise in operating expenses restricting the growth.
The bank's core net interest income rose 11.81 per cent to Rs 4,334 crore, on an 18 per cent jump in advances and a 0.26 per cent expansion in the net interest margin to 4.62 per cent.
This story is from the January 29, 2022 edition of The Free Press Journal - Mumbai.
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This story is from the January 29, 2022 edition of The Free Press Journal - Mumbai.
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