ICICI Securities: Kotak Mahindra Bank Q2 Review - Brake On Credit Cost; Growth Likely To Shift Gears 
A motorcyclist wearing a protective mask rides past a Kotak Mahindra Bank Ltd. branch on a near-empty street in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

ICICI Securities: Kotak Mahindra Bank Q2 Review - Brake On Credit Cost; Growth Likely To Shift Gears 

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ICICI Securities Report

Credit reserves are not only sufficient but extremely conservative, strategic shift towards asset-side customer acquisition, engagement and cross-sell, growth will be a part of bigger strategy with superior focus on execution, it is future-ready after creating a strong and sustainable liability franchise’ – sums up Kotak Mahindra Bank Ltd.’s medium-to-long term approach/strategy.

Flat pro forma gross non-performing loans (2.7%) and negligible contingency buffer creation in Q2 FY21 seconds credit cost stance but growth orientation is still more narrative than actual Q2 FY21 numbers (still modest down 4% YoY).

Click on the attachment to read the full report:

ICICI Securities Kotak Bank Q2FY21 Result Update.pdf

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