Kotak Bank Q1 results: PAT falls 47% YoY to Rs 3,282 crore. NII up 6%

Kotak Mahindra Bank’s standalone net profit for the June quarter experienced a significant drop of 47% year-on-year, settling at Rs 3,282 crore. Despite this decline, the bank’s net interest income saw a modest increase of 6% YoY, reaching Rs 7,259 crore. Average and Net advances also grew by 14% YoY, reaching Rs 444,823 crore.

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