Kotak Bank profit up 81% to ₹6,250 cr
The New Indian Express|July 21, 2024
A stake sale in its general insurance subsidiary has boosted standalone net income of the fourth largest private sector lender, Kotak Mahindra Bank, by 81% to 6,250 crore, of which as much as 3,012 crore came in as the one-time income from deal with Zurich Insurance group that picked up 70% in the company during June quarter.

In April-June quarter of last fiscal, it had booked only ₹3,452 crore profit.

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