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NEW DELHI/BENGALURU:Rising bad loans have taken a toll on profitability of lenders, with several banks including Bank of Baroda, Dena Bank, Oriental Bank of Commerce and Kotak Mahindra Bank reporting a drop in net profit for the quarter ended June 2015.

However, Kotak Mahindra Bank’s Executive Vice-Chairman and Managing Director Uday Kotak claimed that ING Vysya Bank’s (INGVB) book has turned out to be nearly at par with expectations, and hinted at more setbacks on the asset quality front in the remaining quarters...