BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages. 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. reported a mixed quarter with weak earnings performance, affected by lower fee income, 32 basis point QoQ decline in margins and sharp sequential decline in loan growth.
On the asset quality front, slippages were elevated, driving 45 basis point QoQ increase in gross non-performing asset ratio while provision coverage remained broadly stable.
Moratorium 2.0 declined to 9.65% with 95% coming from moratorium 1.0. However, moratorium figures are not comparable due to a different computation methodology used across banks.
On the business front, loan book declined 7% QoQ, affected by the lockdown, and bank's cautious approach in a weak macro environment. Savings account deposits' growth was steady, driving further improvement in current account savings account mix to 56.7%.
Click on the attachment to read the full report:
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 brokerage 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.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
