Kotak Mahindra Bank profit misses estimates on higher provisions

An Indian private-sector lender reported quarterly profit below expectations as provisions rose sharply and net interest margin narrowed year-on-year. Asset quality metrics improved, but investors focused on deposit mobilisation, margin trajectory and operating costs into the next quarter. The miss comes amid a competitive deposit environment and shifting rate expectations. The stock’s reaction will hinge on management guidance around growth, funding mix and fee income levers as banks balance credit growth with profitability discipline.