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
Kotak Mahindra Bank Ltd.’s Q4 FY21 earnings disconcerted on two counts:
Higher provisioning at more than 200 basis points (versus 120 basis points in nine-months FY21) and slippages at 4% in H2 FY21 (2.5% for FY21), quite uncharacteristic of the bank. However, on a positive note, gross non-performing assets settled near Q3 FY21 proforma levels, restructuring was a mere 0.2%, and special mention account-II pool negligible at 5 basis points.
On guided lines, loan growth sustained 4.5% quarter-on-quarter momentum, yet lags its private sector peers with mere 2% year-on-year growth, due to cautious stance on unsecured lending and pricing focus in corporate banking.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR