HDFC Securities: Kotak Mahindra Bank Q2 Review - Growth Ahead, Covid-19 Behind?
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HDFC Securities Report
Kotak Mahindra Bank Ltd.’s Q2 FY21 earnings were significantly ahead of our estimates, led by better-than expected operating performance and lower-than-expected limited liability partnerships.
In stating that current non-specific provisions are more than adequate to cover the impact of Covid-19 and that it now sees significant potential for calibrated growth, the management was quite sanguine in its outlook.
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