Kotak Mahindra Bank’s shares witnessed a nearly 5% surge following its announcement of a 25% growth in net profit for the March quarter. The bank reported a net profit of Rs 5,302 crore, with core net interest income increasing by 13% to Rs 6,909 crore. Despite a drop in core income due to narrow interest margins, the bank’s consolidated net profit for FY24 grew by 22% to Rs 18,213 crore. This performance positioned Kotak Mahindra Bank as the top gainer among both BSE Sensex and NSE Nifty firms.
Kotak Mahindra Bank Shares Surge Nearly 5% After Reporting Strong Q4 Results
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