ICICI Securities: Kotak Mahindra Bank Q2 Review - Brake On Credit Cost; Growth Likely To Shift Gears 

ICICI Securities: Kotak Mahindra Bank Q2 Review - Brake On Credit Cost; Growth Likely To Shift Gears

A motorcyclist wearing a protective mask rides past a Kotak Mahindra Bank Ltd. branch on a near-empty street in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Credit reserves are not only sufficient but extremely conservative, strategic shift towards asset-side customer acquisition, engagement and cross-sell, growth will be a part of bigger strategy with superior focus on execution, it is future-ready after creating a strong and sustainable liability franchise’ – sums up Kotak Mahindra Bank Ltd.’s medium-to-long term approach/strategy.

Flat pro forma gross non-performing loans (2.7%) and negligible contingency buffer creation in Q2 FY21 seconds credit cost stance but growth orientation is still more narrative than actual Q2 FY21 numbers (still modest down 4% YoY).

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ICICI Securities Kotak Bank Q2FY21 Result Update.pdf
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