K
2,115.30
as on 08 May 2025 at 11:36
Market Cap
₹4,16,513 Cr
PE Ratio
21.60
ROCE
6.05%
Kotak Mahindra Bank: Stock Slides on Q4 Earnings Miss and Downgrades
Kotak Mahindra Bank shares fell 4.6% following weaker-than-expected Q4 results. The bank reported a 14% dip in standalone profit after tax at ₹3,552 crore. Several brokerages, including BofA Securities and CLSA, downgraded the stock citing recent price run-up and limited upside potential.
Kotak Mahindra Bank: Uday Kotak Acquires Mumbai Sea-Facing Property for ₹400 Crore
Uday Kotak, founder of Kotak Mahindra Bank, has purchased an entire residential building in Mumbai's Worli Sea Face area for over ₹400 crore. The deal includes eight additional apartments, setting a new benchmark of nearly ₹2.75 lakh per sq ft in Mumbai's real estate market.
Kotak Mahindra Bank: Q4 Profit Drops 14% Due to Microfinance Challenges
Kotak Mahindra Bank's Q4 profit decreased by 14% year-on-year, primarily due to difficulties in the microfinance sector. The bank has launched new mobile banking apps following a technology embargo. CEO Ashok Vaswani aims for sustainable growth at 1.5 to 2 times nominal GDP growth, emphasizing prudence and risk management.
Kotak Mahindra Bank: Multiple Downgrades Following Q4 Results
Kotak Mahindra Bank received multiple downgrades from analysts after Q4 results. Net interest income grew 5.4%, but net profit fell 14% YoY. CLSA, Nomura, and Nuvama downgraded the stock, citing lower NII and higher Opex. Deposit growth was slower compared to peers. Out of 44 analysts, 29 maintain 'buy', 10 'hold', and 5 'sell' ratings.
Kotak Mahindra Bank Reports Q4 FY23 Financial Results
Kotak Mahindra Bank's Q4 FY23 net profit decreased to 35.5 billion rupees from 41.3 billion rupees year-over-year. Interest earned increased to 135 billion rupees from 123 billion rupees. The bank's asset quality improved with GNPA at 1.42% (down from 1.50% QoQ) and NNPA at 0.31% (down from 0.41% QoQ). Fresh slippages reduced to 14.88 billion rupees from 16.57 billion rupees in the previous quarter.
Kotak Mahindra Bank: Microfinance Stress Persists, Reevaluating Long-term Strategy
Kotak Mahindra Bank is reassessing its approach to microfinance due to limitations in the joint liability group model. While personal loan and credit card stress has moderated, microfinance continues to face challenges. The bank is reducing its microfinance exposure and expects stress to continue for one or two more quarters. CEO Ashok Vaswani indicates a potential rethinking of the microfinance business model.
Kotak Mahindra Bank: Unsecured Loan Growth Target Set at 15% Post RBI Ban Lift
Kotak Mahindra Bank aims to increase its unsecured retail loan book to 15% of total advances in FY2024-25, up from 10.5% currently, following the RBI's removal of restrictions on credit card issuance. The bank expects microfinance stress to peak in Q1 FY2024-25, with its microfinance book reduced to 1.6% of total advances.
Kotak Mahindra Bank: Personal Loans Stable, Credit Card Stress Easing
Kotak Mahindra Bank CEO Ashok Vaswani reports stable personal loan performance and easing credit card stress. The bank lifted RBI's technology embargo, reduced microfinance exposure, and benefited from strong capital markets. Digital capabilities have been strengthened post-embargo.
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