Mumbai, Oct. 24 -- Kotak Mahindra Bank on Saturday reported a 29 per cent year-on-year rise in standalone net profit to Rs 4,212 crore for the July-September quarter of FY27, compared with Rs 3,253 crore in the corresponding period last year, even as its net interest margin declined during the quarter.

According to the bank's unaudited financial results filed with the stock exchanges, consolidated profit after tax rose 26 per cent to Rs 5,645 crore from Rs 4,468 crore a year earlier.

Net interest income (NII), the difference between interest earned and interest paid, increased 16 per cent year-on-year to Rs 8,459 crore from Rs 7,311 crore.

However, the bank's net interest margin (NIM), a key indicator of lending profitability, narrowed...