Kotak Mahindra Bank witnessed a significant surge in its share price by 4.2% to ₹1,612.30 apiece on the BSE, following the announcement of better-than-expected Q4 results. The private lender reported a standalone profit of ₹4,133.30 crore for the quarter ended March 2024, marking an 18.22% growth year-on-year (YoY). Furthermore, its net interest income (NII) witnessed a 13% YoY increase to ₹6,909 crore, while the net interest margin (NIM) in Q4FY24 rose to 5.28% from 5.22% in Q3FY24, contributing to the positive investor sentiment.