Kotak Mahindra Bank Q3 profit jumps 24%; asset quality weakens, loan growth multi
Slippages declined to Rs 1,062 crore during the quarter, down 10.4 percent from Rs 1,185 crore in previous quarter.
Private sector lender Kotak Mahindra Bank on January 20 registered a 23.62 percent year-on-year growth in Q3FY20 profit at Rs 1,595.9 crore but asset quality weakened sequentially and year-on-year loan growth was at a multi-quarter low.
The profit growth was
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