Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Oct 27, 2020

ICICI Securities: Kotak Mahindra Bank Q2 Review - Brake On Credit Cost; Growth Likely To Shift Gears 

ICICI Securities: Kotak Mahindra Bank Q2 Review - Brake On Credit Cost; Growth Likely To Shift Gears 
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)

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.

ICICI Securities Report

Credit reserves are not only sufficient but extremely conservative, strategic shift towards asset-side customer acquisition, engagement and cross-sell, growth will be a part of bigger strategy with superior focus on execution, it is future-ready after creating a strong and sustainable liability franchise' – sums up Kotak Mahindra Bank Ltd.'s medium-to-long term approach/strategy.

Flat pro forma gross non-performing loans (2.7%) and negligible contingency buffer creation in Q2 FY21 seconds credit cost stance but growth orientation is still more narrative than actual Q2 FY21 numbers (still modest down 4% YoY).

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.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search