Kotak Mahindra Bank Limited — Board Meeting, 19-10-2024: Outcome of Board Meeting

Kotak Mahindra Bank reported its unaudited financial results for the quarter and half-year ended September 30, 2024. The bank's standalone net profit reached ₹3,343.72 crore, marking a significant increase from ₹3,190.97 crore in the previous year. Total income surged to ₹15,900.46 crore, with a provision for bad debts of ₹660.39 crore. The bank announced plans to acquire a personal loan book of ₹4,100 crore from Standard Chartered Bank, pending regulatory approval.