
Kotak Mahindra Bank Q1 results: Profit slips 7% YoY; retail CV stress, high provisions weigh on earnings
Kotak Mahindra Bank reported a consolidated net profit of Rs 4,472 crore for the June quarter, marking a significant drop from Rs 7,448 crore in the same period last year. The previous year’s figure, however, included a one-time gain of over Rs 3,000 crore from the sale of a stake in its general insurance business,…