Kotak Mahindra Bank Ltd (KTKM.NS)
15 Dec 2017
Wed, Oct 25 2017
Oct 25 Kotak Mahindra Bank, India's fourth-largest private sector lender by assets, posted a 22 percent rise in second-quarter profit on Wednesday, helped by higher interest income and lower bad loans ratio.
* Sept quarter net profit 9.94 billion rupees versus net profit of 8.13 billion rupees year ago
BRIEF-Kotak Mahindra Bank cuts interest rate cut by 50 bps on savings account balances between 10 mln rupees - 50 mln rupees
* Says kotak mahindra bank holds retail savings rate despite falling trend
* Approved to avail fund based working capital financial facilities from Kotak Mahindra Bank aggregating to INR 50 million Source text: (http://bit.ly/2uPDXkF) Further company coverage:
July 20 Kotak Mahindra Bank Joint MD Dipak Gupta and CFO Jaimin Bhatt speaking to reporters:
July 20 Indian shares were largely flat on Thursday, as investors parsed through earnings, buying into stocks such as Kotak Mahindra Bank Ltd that beat results while hitting those such as Mindtree Ltd that missed estimates.
July 20 Kotak Mahindra Bank, India's fourth largest private sector lender by assets, posted a 23 percent jump in its first-quarter net profit, helped by higher interest and fee income.