New Delhi, Oct. 25 -- Kotak Mahindra Bank shares will be in focus on Monday, 26 October, after the private sector lender reported a strong earnings performance for the September quarter, with consolidated net profit rising 26% year-on-year to Rs.5,645 crore.

On a standalone basis, the bank's profit after tax increased 29% to Rs.4,212 crore, supported by growth in core income and lower provisions.

Net interest income (NII), the difference between interest earned and interest expended, grew 16% year-on-year to Rs.8,459 crore. However, net interest margin (NIM) contracted by 0.23 percentage points during the quarter, partly due to the bank's mobilisation of Rs.55,344 crore in FCNR(B) deposits under the Reserve Bank of India's concessional ...