HDFC Securities: Kotak Mahindra Bank Q2 Review - Growth Ahead, Covid-19 Behind?  
Exterior of Kotak Mahindra Bank Ltd. (Photo: BloombergQuint)

HDFC Securities: Kotak Mahindra Bank Q2 Review - Growth Ahead, Covid-19 Behind?  

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.

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.

Click on the attachment to read the full report:

HDFC Securities Kotak Mahindra Bank Q2FY21 Results Update.pdf

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