ICICI Direct: Kotak Mahindra Bank’s  Gradual Loan Book Pick-Up On The Cards
People standing in queue outside Kotak Mahindra Bank (Photo: BloombergQuint) 

ICICI Direct: Kotak Mahindra Bank’s Gradual Loan Book Pick-Up On The Cards

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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 Direct Report

Kotak Mahindra Bank Ltd. reported a good set of numbers on the operating front with profitability getting a boost from healthy margins, controlled cost and lower provisions.

Though loan book growth remained flat sequentially, the management has indicated there would be a strategic shift in focus from maintaining strong liability franchisee to developing an asset base coupled with customer acquisition and engagement as well.

Covid-19 related outstanding provisions stood at Rs 1279 crore. Total non-specific provisions towards advances (standard, Covid provisions) are now at 177% of bank’s net non-performing asset, which ensures low earnings volatility.

Click on the attachment to read the full report:

ICICI Direct Kotak Bank Q2FY21 Result Update.pdf

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