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Kotak Mahindra Bank errs on the side of caution amid pandemic - Livemint 28-Jul-2020
![](https://images.livemint.com/img/2020/07/27/600x338/UdayKotak-ka9H--621x414@LiveMint_1595847009492.jpg)
Kotak Mahindra Bank errs on the side of caution amid pandemic - Livemint
The lender has reported an 8.5% year-on-year decline in its standalone June quarter net profit to ₹1,244 crore.The bank’s loan book shrank 1.9% year-on-year and by a steeper 7.16% sequentially
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