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.
Motilal Oswal Report
Kotak Mahindra Bank Ltd. reported an in-line Q3 FY21, with profit after tax of Rs 18.5 billion (up 16% YoY), led by a pickup in loan growth, which supported net interest income, even as margin stood flat QoQ (approximately 4.5%).
On the asset quality front, slippages stood lower (aided by Supreme Court order) driving sequential improvement in asset quality ratios, while provision coverage ratio rose to ~78%.
However, pro-forma gross non-performing asset/net non-performing asset ratio increased to 3.27%/1.24% (versus 2.7%/0.74% in Q2 FY21).
The bank carries Covid-19-related provisions of Rs 12.8 billion (0.6% of advances), while it carried out fresh restructuring worth 0.28% of advances.
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 author entity 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.
