Jammu, May 6 -- Kotak Mahindra Bank saw its share prices jump nearly 5% on Monday after reporting better-than-expected results for the fourth quarter of the fiscal year. The leading private sector lender's consolidated net profit climbed 22% to Rs 18,213 crore, fueled by strong loan growth and lower provisions.

The Mumbai-headquartered bank posted an 18% rise in standalone net profit to Rs 4,133 crore for the January-March period. While net interest income grew 13% to Rs 6,909 crore, narrowing net interest margins limited further growth. Total advances increased 20% during the quarter with robust demand across retail, commercial and rural segments.

Investors cheered the strong earnings performance, sending Kotak Bank shares up 4.85% to ...