Kotak Mahindra Bank Q4 Results Review - Tactically, Upgrade To Buy, For The First Time: Yes Securities

"NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Yes Securities Report.Though a body blow, RBI order won’t damage profitability in a dramatic manner: Mainly, the 811 and credit cards businesses are impacted since, for other businesses, the onboarding is not digital. It may be noted that in the first year of both these businesses, acquisitions are a drag due to upfront opex. The all-inclusive back-of-the-envelope impact is Rs 3-4.5 billion on profit before tax. This is the annual impact and the intention is to get back to business-as-usual earlier than 12 months. This impact includes additional IT spend the bank feels it will have to carry out to come up to speed with requirements..Kotak Mahindra Bank Ltd. may slow down somewhat in the near term but, as such, there is no structural reset on the growth frontManagement stated that it is not sensible to be aggressive on credit growth at this juncture of the cycle. The bank does want to gain market share but in a smart manner and there will no wholesale change to risk appetite. Once the bank reverts to business-as-usual with regard to the RBI order, it will become more aggressive regarding growth. Kotak Mahindra Bank continues to aspire to grow 1.5-2 times nominal GDP growth..Click on the attachment to read the full report:.Kotak Mahindra Bank Q4 Results Review - Strong Treasury Contribution Boost Earnings: Systematix.DISCLAIMERThis report is authored by an external party. NDTV Profit 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 NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Kotak Mahindra Bank Q4 Results Review - Tactically, Upgrade To Buy, For The First Time: Yes Securities

Damage from RBI order to be relatively contained, while remaining business to perform

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Kotak Mahindra Bank Q4 Results Review - Tactically, Upgrade To Buy, For The First Time: Yes Securities

Damage from RBI order to be relatively contained, while remaining business to perform

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