Kotak Mahindra Bank Reports Q2 Results, Faces Leadership Transition and Acquisition Challenges

Kotak Mahindra Bank Ltd released its September quarter results, reporting a 24% increase in profit and a 23.5% rise in net interest income. Although analysts anticipated a soft net interest margin (NIM), some concerns have arisen regarding the appointment of a new external MD & CEO, Ashok Vaswani, and the potential acquisition of IDBI Bank.The...