Kotak Mahindra Bank Gains Over 1% On Jump In Q3 Net Profit

Kotak Mahindra Bank shares gained more than 1 per cent in a weak market after India's third largest private sector lender by market capitalisation clocked a 16.1 per cent year-on-year growth in profit at Rs 1,853.5 crore for the quarter ended December 2020, supported by net interest income (NII) growth and operating profit. In the year-ago quarter, the bank's profit was Rs 1,596 crore. The shares of Kotak Mahindra Bank touched an int...