Kotak’s Profit Surge Helps Lender Become India’s No. 2 by Value
A motorcyclist wearing a protective mask rides past a Kotak Mahindra Bank Ltd. branch on a near-empty street in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Kotak’s Profit Surge Helps Lender Become India’s No. 2 by Value

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(Bloomberg) -- Kotak Mahindra Bank Ltd. posted second-quarter profit that unexpectedly grew as income from investments rose and expenses dropped. Shares jumped, making the lender India’s second-lar...
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