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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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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