BUZZ-India's Kotak Mahindra Bank falls most in nearly 8 months on profit miss - Reuters News
20-Jan-2020 01:56:03 PM
** Shares of Kotak Mahindra Bank KTKM.NS fall as much as 4.05%, their biggest intraday percentage drop since May 31, 2019
** Bank's Dec-qtr net profit rose 23.6% to 15.96 bln rupees, but still missed estimates, hurt by large provisions for bad loans and a rise in the bad loan ratio (Full Story)
** About 4 mln shares change hands by 0818 GMT, compared with the 30-day average of about 2.4 mln shares
** Shares of co rose 34.1% last year