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Kotak Mahindra Bank's Q4 profit fell 14%, but annual profit rose 19% with a one-time gain.
Kotak Mahindra Bank's standalone net profit fell 14% in Q4 to ₹3,552 crore due to increased provisions for bad loans, though its net interest income rose 5% to ₹7,284 crore.
For the full year, standalone profit after tax increased 19% to ₹16,450 crore, including a one-time gain from divestment.
The bank's gross non-performing asset ratio improved to 1.42%, and it recommended a dividend of ₹2.50 per share.
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El beneficio del cuarto trimestre de Kotak Mahindra Bank cayó un 14%, pero el beneficio anual aumentó un 19% con una ganancia única.