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Kotak Mahindra consolidated net profit for Q2FY26 drops by 11%; at Rs 4,468 cr – details

Kotak Mahindra Bank’s consolidated net profit for Q2FY26 saw an 11% decline due to higher provisions, despite continued credit and deposit growth. CEO Ashok Vaswani remained non-committal on reports of interest in acquiring IDBI Bank, emphasizing the bank’s focus on scaling through both organic and inorganic avenues. The bank evaluates opportunities based on strategic fit, […]