The net profit, at Rs 3,191 crore, beating the market estimates of Rs 3,092 crore.
Brokerages estimate the private sector lender will register a 22 percent YoY rise in Net Interest Income in Q2FY24 amid steady deposit growth momentum
Private sector lender Kotak Mahindra Bank has reported consolidated net profit of Rs 433 crore in the second quarter of FY12, a growth of 25% as compared to Rs 346.1 crore in the corresponding quarter of last fiscal.
Private sector lender Kotak Mahindra Bank is expected to report a standalone profit after tax of Rs 241.2 crore for the second quarter of FY12, a growth of 24% as compared to Rs 194.7 crore in the corresponding quarter of last fiscal.