Kotak Mahindra Bank Profit Rises 51%, Asset Quality Deteriorates

Kotak Mahindra Bank on Tuesday reported a 51 per cent rise in net profit to Rs 1,724.48 crore for the quarter ended September 30. In a regulatory filing, the Mumbai-based private sector bank said its net interest income - or the difference between the interest earned on loans and the interest paid on deposits - rose 25.15 per cent to Rs 3,349.59 crore in the second quarter of current financial year, from Rs 2,676.31 crore in the corr...