India's Kotak Mahindra Bank, RBL Bank slump as loan stress hurts Q2 earnings

By Yahoo! Finance | Oct 21, 2024 at 03:06 AM EST

Kotak Mahindra Bank and RBL Bank shares fell due to increased bad loans impacting their profits and margins in the second quarter. The lenders foresee this trend continuing for a few more quarters, with challenges in the credit card and microfinance sectors.

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