Kotak Bank share price: Changes made to the Kotak Mahindra Bank’s top management largely increase the coverage of responsibilities of existing senior management personnel. Nomura views the development positively.
The company reported an 11.54% year-on-year (YoY) jump in its June quarter net profit at Rs 261 crore, up from Rs 234 crore reported by the lender in the corresponding period of the previous financial year.
Kotak Bank Q4 results preview: Phillip Capital expects Kotak Mahindra Bank to report 7.2 per cent YoY rise in net profit at Rs 2,965.50 crore compared with Rs 2,767.40 crore in the same quarter last year.
Brokerages had predicted that the private lender might report a 5-9 per cent rise in profit for the March quarter on 30-35 per cent surge in net interest income (NII).