Kotak Mahindra Bank Q1 profit jumps 26% to ₹4,123 cr, beats estimates

Kotak Mahindra Bank reported a 26% year-on-year rise in standalone net profit to ₹4,123 crore for the April-June quarter, beating analysts' estimates. Net interest income rose 9% YoY to ₹7,928 crore in Q1 FY27. The private lender's profit rose from ₹3,282 crore a year earlier, while asset quality improved compared with the corresponding quarter last year.