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.
Dolat Capital Report
Kotak Mahindra Bank Ltd. exhibited healthy earnings profile with pre provision operating profit growth of 19% y-o-y and highest core pre provision operating profit/assets at 3.2% in the last several quarters.
Profit after tax also benefitted from lower provisions, up 32% y-o-y.
Net interest margin improved to 4.6% despite a sharp 400 basis points q-o-q decline in credit-deposit ratio, benefitting from lower interest reversals and continued decline in cost of fund.
Kotak Mahindra Bank's asset quality trends were better than industry with gross slippages at 2.7% for the quarter, 200 bps rise in provision coverage ratio to 65%, largely stable bounce rates, and limited restructuring at 0.3% of loans.
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