{
  "id": 16431325,
  "title": "India's Kotak Bank Q2 profit rises 29pct, beats estimates",
  "url": "https://urgent.news/2026/10/25/indias-kotak-bank-q2-profit-rises-29pct-beats-estimates",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-25T04:09:50.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/10/1563048/indias-kotak-bank-q2-profit-rises-29pct-beats-estimates"
  },
  "original_language": "en",
  "account": "MUMBAI: Kotak Mahindra Bank, India's third-largest private lender by market capitalisation, announced a higher-than-anticipated quarterly profit in its latest financial report. The bank's net profit for the three months ending September rose 29% year-on-year, reaching 42.11 billion Indian rupees, surpassing analysts' expectations of 41.04 billion rupees.\n\nStrong loan demand and a reduction in provisions for bad loans were the main drivers behind the profit surge. The bank's net interest income surged by 16% to 84.6 billion rupees, primarily due to a 25% increase in domestic loans. Deposits also expanded by 23% during the period. However, the bank's net interest margin dipped slightly to 4.31% from 4.53% due to the influx of foreign currency non-resident deposits (FCNR).\n\nThe provision for potential bad loans and other losses fell 15% to 8.04 billion rupees. While the bank's asset quality remained stable, with the gross non-performing asset ratio at 1.04% at the end of September, compared to 1.18% in the previous quarter, its other income saw a 23% year-on-year rise to 31.94 billion rupees, influenced by volatile currency and debt markets.",
  "summary": "MUMBAI: India’s Kotak Mahindra Bank reported a higher-than-expected quarterly profit on Saturday, driven by stronger loan demand and lower provisions for bad loans.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Free Press Journal",
        "title": "AU Small Finance Bank Reports 53% Q2 FY27 Profit Rise, Deposits Grow 28.6% As Asset Quality Improves",
        "url": "https://urgent.news/2026/10/24/au-small-finance-bank-reports-53-q2-fy27-profit-rise-deposits-grow-28",
        "published": "2026-10-24T10:17:42.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Kotak Q2 FY27 slides: profit jumps 26% as asset quality improves",
        "url": "https://urgent.news/2026/10/24/kotak-q2-fy27-slides-profit-jumps-26-as-asset-quality-improves",
        "published": "2026-10-24T12:06:28.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}