Kotak Bank net soars 32% in Q1 on higher income; bad loans rise, too

This was in line with consensus estimates of analysts tracked by Bloomberg who expected the lender to post profits of ₹1,652 crore. The lender had reported profits of ₹1,244 crore in the corresponding period a year ago. Operating profit for the quarter came in at ₹3,121 crore, up 19% on-year.

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