Kotak Mahindra Bank
Net profit rose to 9.94 billion rupees ($152.62 million) in the quarter ended Sept. 30, from 8.13 billion rupees a year earlier, the Mumbai-based bank said. http://bit.ly/2gBCFU8
That matched the average analysts` estimate of 9.94 billion rupees, according to data compiled by Thomson Reuters.
Gross bad loans as a percentage of total loans stood at 2.47 percent at end-September, compared with 2.58 percent a quarter earlier and 2.49 percent a year earlier.
Net interest income rose 16 percent to 23.13 billion rupees in the quarter. ($1 = 65.1300 Indian rupees)
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