Private sector lender Kotak Mahindra Bank on Thursday announced a 27% year-on-year increase in net profit at Rs 416 crore for the quarter ended June against Rs 328 crore last year, driven by higher loan growth.

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Net interest income of the bank grew by 18% to Rs 568 crore during the April-June quarter compared to Rs 483 crore in the year-ago period.
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