Banking Giants Report Record Profits: HDFC Bank, Kotak Mahindra Bank, and YES Bank Q1

Impressive Financial Performance, Major Banks have Reported Record Profits for Q1. HDFC Bank’s net profit surged to ₹161.7 billion, exceeding estimates and showcasing robust growth. Kotak Mahindra Bank also posted strong results with a net profit of ₹62.5 billion, marking a significant year-on-year increase. Meanwhile, YES Bank maintained stable asset quality with GNPA and NNPA figures steady at 1.7% and 0.5%, respectively.