Kotak Mahindra Bank's Q1FY26 profit drops 47.5% due to one-time gain in Q1FY25; net profit down 7% excluding gain.

Kotak Mahindra Bank, like its peers, faced pressure on its NIMs in the June 2025 quarter, and its core standalone net profit declined 7% y-o-y.

Key Points - GAAP EPS of $0.24 topped analyst estimates by 4.4% in Q2 2025, with GAAP revenue beating estimates by 6.5% in Q2 2025 - Net interest margin expanded to 2.57%, up from 2.09% a year earlier ...

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ITAT Delhi held that interest income from fixed deposits and loans given to employees is eligible for claiming benefit under section 10AA of the Income Tax Act. Accordingly, AO allowed to claim ...

Investments by banks operating in the UAE continued their upward trend, reaching AED 774.3 billion by the end of April 2025.

SBM Bank Kenya registered KSh 202 million profit before tax, reversing the KSh 943 million loss reported in the previous year ...

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