Kotak Mahindra Bank Posts Mixed Q3 Performance: Prabhudas Lilladher  
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)

Kotak Mahindra Bank Posts Mixed Q3 Performance: Prabhudas Lilladher  

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Prabhudas Lilladher Report

Kotak Mahindra Bank Ltd.’s standalone profit after tax of Rs 18.5 billion (our estimate Rs 19.5 billion – miss by 5%) was lower than estimates on back of slightly higher provisions and slower other income.

Negative surprise came from the higher slippages of Rs 20 billion with 40% of them contributing from unsecured credit (being cautioned from some quarters by bank) and are mainly up 90 days past due loans.

While, on restructuring side outcome has been benign with 28bps of loans much lower than anticipated.

Click on the attachment to read the full report:

Prabhudas Lilladher Kotak Mahindra Bank Q3FY21 Result Update.pdf


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