Kotak Mahindra Bank, saw a 22% rise in the second quarter (July-September) profit. The rise was backed by higher interest income and lower bad loans ratio.

As per the bank, Net profit rose to 9.94 billion rupees in the quarter ended September 30, from 8.13 billion rupees a year earlier.

Gross bad loans as a percentage of total loans stood at 2.47 percent at end-September, compared with 2.58 percent a quarter earlier and 2.49 percent a year earlier.

Net interest income rose 16 percent to 23.13 billion rupees in the quarter.

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