Kotak Mahindra Bank Ltd.'s management highlighted that asset quality has been improving in personal loans, stabilized in credit cards while peak of slippages is yet to be achieved in MFI over next two quarters.
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Kotak Mahindra Bank Ltd. reported Q3 FY25 profit after tax of Rs 33 billion (-1.2% QoQ, +10% YoY) which was better than expectations mainly due to higher margins, lower opex and better than expected asset quality performance.
The management highlighted that asset quality has been improving in personal loans, stabilized in credit cards while peak of slippages is yet to be achieved in MFI over next two quarters. Impact to profitability due to the regulatory embargo on personal loan/credit cards remains within internal estimates.
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