Kotak Mahindra Bank reports Q1 net profit of ₹3,282, net interest income increases 6%

Kotak Mahindra Bank reported its earnings for the first quarter on Saturday, July 26.

Its reported a net profit of ₹3,281.7 crore in the June quarter in comparison to a CNBC-TV18 poll of ₹3,442 crore. It was 57.5% lower than the previous year's ₹6,250 crore.

Its net interest income was at ₹7,249 crore near Street estimates of ₹7,293 crore. The NII increased 6.1% to from the ₹6,842 crore the lender reported in the first quarter of the previous fiscal.

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