New Delhi, Jan. 24 -- Private sector lender Kotak Mahindra Bank on Saturday, January 24, reported a consolidated net profit of Rs.3,446 crore for the December quarter of FY26, marking a 4.3% year-on-year increase from Rs.3,305 crore in the corresponding period last year.

The bank's operating profit for the quarter rose 4% year-on-year to Rs.5,380 crore, compared with Rs.5,181 crore in Q3FY25, supported by steady core income growth. Net interest income (NII) increased around 5% on a year-on-year basis to Rs.7,565 crore during the quarter, reflecting healthy lending activity and stable margins.

The improvement in profitability was driven primarily by higher interest earnings, with NII growth outpacing the rise in operating profit. The per...