Kotak Bank Q2 profit falls 11 pc on slower core income growth

MUMBAI: Kotak Mahindra Bank on Saturday reported an 11 per cent decline in its consolidated net profit for the September quarter to Rs 4,468 crore, pulled down by a slower growth in core income and weak performance of some subsidiaries.

On a standalone basis, the private sector lender reported a 3 per cent fall in net profit to Rs 3,253 crore for the reporting quarter.

Total consolidated income dropped to Rs 24,901.39 crore in the second quarter of FY2025-26 from Rs 26,880.02 crore in the year-ago quarter. Standalone income, however, increased to Rs 16,239 crore during the quarter under review, from Rs 15,900 crore in the same period last year.