Kotak Mahindra Bank Q4 - Another Quarter Of Mixed Performance: Prabhudas Lilladher
People standing in queue outside Kotak Mahindra Bank (Photo: BloombergQuint) 

Kotak Mahindra Bank Q4 - Another Quarter Of Mixed Performance: Prabhudas Lilladher

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.

Prabhudas Lilladher Report

Kotak Mahindra Bank Ltd.’s earnings of Rs 16.8 billion (our estimate: Rs 16.9 billion) was in-line with expectations though certain line items were weak.

Net interest income growth of 8% YoY/flat QoQ and higher provisions of Rs 11.8 billion dragged quality of earnings.

Asset quality though was stable and other stress indicators of restructuring plus special mention account-II was only 23 basis points of loan.

Bank carries a 57 basis points of Covid-19 provision though would have comforted us if it was higher and similarly with provision coverage ratio which was at 63%, lower amongst peers.

Click on the attachment to read the full report:

Prabhudas Lilladher Kotak Mahindra Bank Q4FY21 Result Update.pdf

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