ADVERTISEMENT

Kotak Mahindra Bank Q2 Review - Strength Of Liability Franchise Put To Good Use: Motilal Oswal

Kotak Mahindra Bank Q2 Review - Strength Of Liability Franchise Put To Good Use: Motilal Oswal

A motorcyclist wearing a protective mask rides past a Kotak Mahindra Bank Ltd. branch in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)
A motorcyclist wearing a protective mask rides past a Kotak Mahindra Bank Ltd. branch in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

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.

Motilal Oswal Report

Kotak Mahindra Bank Ltd. delivered an in-line operating performance though lower provisions resulted in standalone profit after tax coming in at Rs 20.32 billion (12% beat).

Consolidated profit after tax remained flat YoY while the securities, prime and life insurance businesses witnessed a strong earnings growth.

Loan book grew sharply by 8% QoQ (up 15% YoY) to Rs 2.35 trillion, led by a pickup across the secured and unsecured retail as well as corporate banking segments.

On the liability front, current account and savings account growth remained steady and took the CASA mix to 60.6% (40 basis points QoQ increase; highest in the industry).

Kotak Mahindra Bank did not utilise Covid-19 provisioning during the quarter and has total Covid-related provisions of Rs 12.8 billion (0.5% of loans).

Click on the attachment to read the full report:

Motilal Oswal Kotak Mahindra Bank Q2FY22 Result Update.pdf

DISCLAIMER

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.