Kotak Mahindra Bank Q4 profit drops more than expected on higher provisions, NII up 5.4%, missed estimates – Banking & Finance News
Kotak Mahindra Bank reported a larger-than-expected drop in Q4FY25 profit, down 14% YoY at Rs 35,517 crore Vs Rs 41,333 crore in Q4FY24. The drop in quarterly profit was as a result of the huge provisions which rose as potential bad loans surged, offsetting solid loan growth. The Q4FY25 net interest income (NII), the difference