Kotak Bank Q4 Results: Net profit rises 33% YoY, below estimates; asset quality improves
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Last Updated: May 03, 2021, 01:51 PM IST
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Synopsis
The lender reported 8 per cent on-year growth in net interest income to Rs. 3,843 crore for the quarter.
The lender reported 8% on-year growth in net interest income to Rs. 3,843 crore for the quarter.
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NSE
MUMBAI:
Kotak Mahindra Bank on Monday reported a 33 per cent year-on-year rise in net profit to Rs. 1,682 crore for the quarter ended March, missing analysts' estimates by a wide margin. Sequentially, the lender’s net profit fell on account of a rise in provisions.
The lender reported 8 per cent on-year growth in net interest income to Rs. 3,843 crore for the quarter, which was also below Street’s estimate.