Kotak Mahindra Bank Profit Declines as Provisions Increase in Q2

India’s Kotak Mahindra Bank posted weaker quarterly results, with net profit slipping below analyst forecasts despite steady lending income. The bank reported a 6% rise in net interest income but higher loan-loss provisions weighed on earnings. Executives cited cautious credit policies amid rising unsecured retail exposure. Asset quality metrics showed minor deterioration, while cost ratios remained contained. Analysts expect near-term margin compression as funding costs rise, though digital expansion and SME growth remain core drivers in Kotak’s long-term strategy.