Kotak Mahindra Bank - Upbeat Growth Outlook; Pristine Asset Quality: ICICI Securities

Kotak Mahindra Bank - Upbeat Growth Outlook; Pristine Asset Quality: ICICI Securities

People standing in queue outside Kotak Mahindra Bank. (Source: BloombergQuint)

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

Our interaction with senior management of Kotak Mahindra Bank Ltd. suggests upbeat credit growth outlook for the bank. High consumer and business confidence and lenders’ willingness is leading to broad-based and robust customer acquisition momentum.

Geopolitical situation has no direct impact on the bank’s portfolio and it is periodically assessing the situation. Key takeaways:

  1. aggression is visible in home loans with competitive pricing,

  2. Kotak Mahindra Bank is being constructive on unsecured lending for past couple of quarters,

  3. evaluating the risk-adjusted return on capital, it will selectively evaluate opportunities in corporate banking segment,

  4. endeavour continues to scale up savings account deposits further,

  5. micro, small and medium enterprise is gradually evolving out of stress; Emergency Credit Line Guarantee Scheme portfolio behaviour is holding up well.

Click on the attachment to read the full report:

ICICI Securities Kotak Bank Company Update.pdf
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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.

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