Kotak Bank reports 7% fall in Q2 net as bad loans rise
The Free Press Journal|October 27, 2021
Private sector Kotak Mahindra Bank on Tuesday reported about 7% decline in its net profīt to Rs 2,032 crore in second quarter ended September 2021.
Kotak Bank reports 7% fall in Q2 net as bad loans rise

The bank had posted net profit of Rs 2,184 crore in the same quarter of the previous fiscal year.

Total income during July September period of 202122. however, grew to Rs 8,408.87 crore, as against Rs 8,252.71 crore in same period of 2020-21, Kotak Mahindra Bank said in a regulatory filing.

Net interest income for Q2FY22 increased to Rs 4,021 crore from Rs 3,897 crore in Q2FY21, up 3%. Net interest margin for the quarter was at 4.45%.

This story is from the October 27, 2021 edition of The Free Press Journal.

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This story is from the October 27, 2021 edition of The Free Press Journal.

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