Kotak, RBL feel pain of microfinance defaults – The Times of India
MUMBAI: Private banks continue to feel the pain of defaults in the microfinance segment. Kotak Bank and RBL Bank which declared their earnings on Saturday, both reported higher defaults in the microfinance segment.Kotak’s consolidated net profit for the quarter ended Dec 2024 was up 10% at Rs 4,701 crore from Rs 4,265 crore in the…