Kotak Mahindra Bank Q1 Results: Net income jumps 67% to Rs 3,452 crore in June quarter

Kotak Mahindra Bank on Saturday reported a massive 67 per cent on-year jump in standalone net income at Rs 3,452 crore for the June quarter. The key net interest income increased 33 per cent to Rs 6,234 crore driven by a 5.57 per cent higher net interest margin.

Kotak Mahindra Bank Q1 Results: Net income jumps
The banks interest cost rose to Rs 4,834.08 crore from Rs 4,229.65 crore and the overall operating expenses rose almost doubled to Rs 9,889.62 crore from Rs 4,870.12 crore. Photo: File

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