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via thehindubusinessline.comBusiness & Companies

Kotak Bank Q2 profit rises 29%, beats estimates

FROM THE WIRE · THEHINDUBUSINESSLINE.COM

Kotak Mahindra Bank posts 29% Q2 profit beat, driven by loan growth and lower provisions, with NII up 16% and improved asset quality.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishResults beat expectations, driven by loan growth and lower provisions.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Kotak Mahindra Bank posts a 29% rise in Q2 profit.
  2. 02The gain is driven by loan growth and lower provisions.
  3. 03NII rose 16% and asset quality improved.

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