DEPLOYMENT · IN
Kotak Bank profit jumps 29% on back of digital banking and AI-driven lending
India's Kotak Bank reported Q2 profit growth of 29%, beating analyst estimates. Growth driven by digital banking adoption and AI-enabled credit decisioning in the Indian market, where digital penetration is accelerating.
WHY IT MATTERS
Emerging market banks deploying AI for credit scoring and risk assessment are seeing tangible margin expansion; sets a template for BFSI AI ROI in developing economies with sparse credit histories.
Source: Reuters · 2026-10-24