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Kotak Mahindra Bank's net interest income or NII for the second quarter grew by 4% year-over-year, rising to Rs 7,311 crore from Rs 7,020 crore in the same period last year.

The bank's operating profit also saw a modest increase of 3.3%, reaching Rs 5,268 crore compared to Rs 5,099 crore previously. However, the bank’s provisions saw a sharp increase, jumping by 43.5% year-on-year to Rs 947 crore from Rs 660 crore.

Consequently, the bank reported a Net Profit of Rs 3,253 crore, which was a decline of 2.7% compared to Rs 3,344 crore in the year-ago quarter.

The bank’s total deposits increased by 14.5% to stand at Rs 5.28 lakh crore. The CASA or the Current Account Savings Account ratio for the qu

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