Kotak Mahindra Bank reported a standalone net profit of ₹32.53 billion for Q2 ended September 30, down from ₹33.44 billion a year earlier and below the expected ₹34.49 billion. The miss was driven by a 43 % jump in provisions to ₹9.47 billion, despite a 14 % loan growth and 4 % rise in net interest income to ₹73.11 billion. Its net interest margin narrowed to 4.54 % from 4.91 % amid rate pressures and funding cost growth. Analysts note margin squeeze and elevated credit costs may limit re-rating momentum.