Kotak Mahindra consolidated net profit for Q2FY26 drops by 11%
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, management bandwidth, and financial valuations.
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, management bandwidth, and financial valuations.
