Kotak Mahindra Bank

Kotak Mahindra Bank posted a 3% decline in its second-quarter profit, registering Rs 3,253 crore compared to the previous year, reflecting pressures from higher operating costs and macroeconomic headwinds. Net interest income grew modestly, but elevated provisions and cautious lending strategies impacted overall profitability. The bank continues to focus on retail lending, digital expansion, and risk management to sustain long-term growth.

The Department for Promotion of Industry and Internal Trade (DPIIT) has entered into a strategic collaboration with Kotak Mahindra Bank and Primus Partners to bolster India’s startup ecosystem. The alliance seeks to enhance access to finance, mentorship, and strategic advisory services for emerging entrepreneurs.

Kotak Mahindra Bank has announced a Rs 9 crore grant initiative to support startups and early-stage enterprises in India’s small towns and cities. The program aims to catalyze entrepreneurship outside major metropolitan hubs, providing financial assistance, mentorship, and ecosystem support to innovators with high-growth potential. By targeting Tier-2 and Tier-3 cities, the bank seeks to unlock untapped talent and foster regional economic development.