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Indian Banks Post Mixed Q1 Gains; Kotak and YES Lead Profit Growth

Indian Banks Post Mixed Q1 Gains; Kotak and YES Lead Profit Growth

India’s Q1 earnings season featured notable profit increases at several banks, with Kotak Mahindra and YES Bank up about 23% and 34%, respectively. ICICI Bank rose 16%, while HDFC Bank and IDBI saw roughly 5% growth, alongside updates from other lenders and companies.

Original headline

Q1 Results 18th July Highlights: Kotak Mahindra, YES Bank drive Q1 with 23%, 34% profit jump; ICICI up 16%, HDFC and IDBI post 5% growth