Of the banking results that have come out so far, Kotak Mahindra Bank which announced results today, posted relatively disappointing numbers with the weakest operating profit margin growth, showing a decline of over 70% YoY.
Smaller banks - AU Small Finance, RBL Bank - have successfully delivered strong YoY revenue and net profit growth on the back of improving margins. Axis Bank also delivered a strong quarter, with YoY growth jump of 168% in net profit on a 25.7% YoY rise in revenues.