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via business-standard.comBusiness & Companies

Kotak Mahindra Bank's Q2 consolidated net profit rises 26% to Rs 5,645 crore

FROM THE WIRE · BUSINESS-STANDARD.COM

Standalone profit rose 29 per cent as NII grew 16 per cent and provisions fell, though large FCNR(B) inflows pushed net interest margin down to 4.31 per cent

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishDouble-digit profit growth, with net interest margin pressured by large FCNR(B) inflows.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Standalone profit rose 29%.
  2. 02NII grew 16% and provisions fell.
  3. 03Net interest margin declined to 4.31% due to large FCNR(B) inflows.

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