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PAT Rises 10% YoY But Provisions Up

Steady growth in net interest income lifted Kotak Mahindra Bank Ltd.’s standalone net profit by 10% year-on-year to Rs 3,305 crore, slightly below the consensus estimate of Rs 3,338 crore of analysts tracked by Bloomberg.

The profit rise was limited due to a sharp rise in provisions by the…

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Kotak Bank Q3 Results: PAT grows 10% YoY to Rs 3,305 crore, NII up 10%