MUMBAI (Reuters) – India’s Kotak Mahindra Bank reported a 67% increase in first-quarter net profit on Saturday, buoyed by a rise in net interest income and robust loan growth.
The private lender’s standalone net profit rose to 34.52 billion Indian rupees ($421.08 million) in the April-June quarter, from 20.71 billion rupees in the same period last year.
($1 = 81.9800 Indian rupees)
(Reporting by Siddhi Nayak; editing by Robert Birsel)
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