India, July 19 -- Kotak Mahindra Bank's net profit rose 26 per cent year-on-year to Rs 4,123 crore in Q1FY27, supported by lower provisions, healthy loan growth and a rise in fee income, even as a decline in net interest margin moderated the expansion in core interest earnings, the bank said in a press release on Saturday.

Net interest income (NII) increased 9 per cent to Rs 7,928 crore, while operating profit rose 10 per cent to Rs 6,131 crore, according to the bank's press release.

The sharp rise in profitability was primarily supported by a 45 per cent year-on-year decline in provisions to Rs 668 crore from Rs 1,208 crore in Q1FY26. The bank's annualised credit cost consequently fell to 0.46 per cent from 0.93 per cent a year earlier...