Kotak Mahindra Bank - On Track Despite Some Hiccups: Dolat Capital 
Exterior of Kotak Mahindra Bank Ltd. (Photo: BloombergQuint)

Kotak Mahindra Bank - On Track Despite Some Hiccups: Dolat Capital 

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.

Dolat Capital Report

Kotak Mahindra Bank Ltd. reported in line numbers with net interest income and pre-provision operating profit growing by 17% and 29% respectively. Sequential loan growth of 4.5% YoY surprised positively.

Pro-forma non-performing assets were higher sequentially by ~60 basis points to 3.27%, with pro-forma provision coverage ratio at ~61%. However, bank’s Covid-19 related provision buffers of Rs 12.8 billion remain unutilized thus far.

Pro forma slippages at ~Rs 19 billion for the quarter or 3.79% (annualized) had a disproportionate share of unsecured consumer retail loans, with 40% of incremental stress coming from this segment against its loan-book share of 6%.

Click on the attachment to read the full report:

Dolat Capital Kotak Mahindra Bank Q3FY21 Result Update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.