Kotak Mahindra Bank Q2 net up 26% on higher income and better asset quality
Kotak Mahindra Bank reported a 26% year-on-year increase in net profit to ₹5,645.38 crore for Q2, surpassing analysts' estimates. The bank's asset quality improved, with gross non-performing assets declining to 1.04% from 1.39% a year earlier. This positive performance reflects the bank's strong financial health and may influence investor confidence in upcoming quarters.