Dolat Capital: Kotak Mahindra Bank’s Strong Footing Despite Growth Concerns 
Customers wearing protective masks approach a Kotak Mahindra Bank Ltd. branch on a near-empty street in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Dolat Capital: Kotak Mahindra Bank’s Strong Footing Despite Growth Concerns 

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. 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. reported a healthy operating performance with net interest income and core pre provision operation profit growing at 17% YoY each.

Nil treasury gains impacted overall PPoP. Loan growth declined YoY by 2% (7% QoQ) and has been a key dampener for net interest margin (down 30 basis points QoQ), apart from surplus liquidity.

Moratorium at 9.7% declined from 26% in April-end, where the bank has extended moratorium 2.0 only to fundamentally viable customers, 80% of which are secured. Total Covid-19 related provisions stood at 0.6% of advances for the bank.

Click on the attachment to read the full report:

Dolat Capital Kotak Mahindra Bank Q1FY21 Result Review.pdf


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