India : India’s Kotak Mahindra Bank (KTKM.NS) on Saturday reported a bigger-than-expected jump in net profit for the July-September quarter, lifted by strong loan growth.
The private lender’s standalone profit jumped 27% from the same period last year to 25.80 billion Indian rupees ($313 million) in its fiscal second quarter.
Analysts were expecting a profit of 23.68 billion rupees, according to Refinitiv IBES data.
