HomeNewsBusinessCompaniesKotak Mahindra Bank sees cost rise after ING Vysya deal

Kotak Mahindra Bank sees cost rise after ING Vysya deal

Kotak Mahindra's credit costs will be about 80 basis points for the fiscal year to March 2016, compared with 30 basis points last year, Managing Director Uday Kotak said after the lender reported a 56 percent decline in its first-quarter profit.

first published: Jul 31, 2015 08:46 am

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Kotak Mahindra Bank sees cost rise after ING Vysya deal

Kotak Mahindra's credit costs will be about 80 basis points for the fiscal year to March 2016, compared with 30 basis points last year, Managing Director Uday Kotak said after the lender reported a 56 percent decline in its first-quarter profit.

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