Kotak Mahindra Bank Reports 26% Rise in Q2 Net Profit to ₹5,645 Crore

Kotak Mahindra Bank posted a 26% year-on-year increase in net profit to ₹5,645.38 crore for the quarter ended September.

Total income grew 18% year-on-year to ₹29,426.88 crore, while gross non-performing assets improved from 1.39% to 1.04%.

The Reserve Bank of India cleared the appointment of Anup Kumar Saha as the bank's next Managing Director and Chief Executive Officer.