Kotak Mahindra Bank Q1 results lag estimates; stock tanks 5%

Kotak Mahindra Bank Q1 net profit came in at Rs 1,024.94 crore on account of higher provisions for treasury losses even as its bad loan ratio improved.

Kotak Mahindra Bank Q1 results lag estimates; stock
Kotak Mahindra Bank stock slipped as much as 4.8 per cent to Rs 1335. Image source: Reuters

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