KOTAK MAHINDRA BANK

reported a standalone net profit of Rs 3,282 crore for Q1 FY26, marking a 7 percent year-on-year decline from Rs 3,520 crore in the same period last year. This figure is after adjusting for a one-time gain from the sale of its general insurance business. Including the gain, the unadjusted net profit stood significantly higher at Rs 6,250 crore. The drop in profit was mainly due to a sharp rise in provisioning nd contingencies, which surged 109 percent year-on-year to Rs 1,208 crore. Net interest income (NII) rose 6 percent to Rs 7,259 crore, while the net interest margin (NIM) remained strong at 4.65 percent.