Kotak Mahindra Bank Ltd (KTKM.BO)
16 Mar 2018
Fri, Jan 19 2018
* IDFC Bank profit falls as non-performing loans rise (Adds Kotak Mahindra, IDFC Bank results, executive and analyst comments)
Jan 19 Indian private sector lender Kotak Mahindra Bank Ltd posted a nearly 20 percent increase in third-quarter profit on Friday, helped by higher interest and fee income and as bad loans dropped.
* DEC QUARTER NET PROFIT 10.53 BILLION RUPEES VERSUS NET PROFIT OF 8.80 BILLION RUPEES YEAR AGO
* SAYS ENTERED ONE TIME SETTLEMENT WITH KOTAK MAHINDRA BANK AGAINST TERM LOAN BORROWD BY CO Source text: http://bit.ly/2zLyEnd Further company coverage:
Oct 25 Kotak Mahindra Bank, India's fourth-largest private sector lender by assets, posted a 22 percent rise in second-quarter profit on Wednesday, helped by higher interest income and lower bad loans ratio.
* Sept quarter net profit 9.94 billion rupees versus net profit of 8.13 billion rupees year ago