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Kotak Mahindra Bank gets too cautious amid pandemic

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₹616 crore specifically towards pandemic risks during the June quarter, over and above the ₹650 crore it did in March quarter.

Ergo, the 9% year-on-year fall in net profit is likely to be overlooked by investors.The rise in provisions comes even as moratorium levels have fallen.

As of June, 9.65% of its loan book was under moratorium, a drop from 26% in April. Adding to the comfort, the lender’s core operating metrics have improved as well.

Net interest income grew at a healthy 18% and margins also expanded with a lot of help from growth in low cost current account and saving account deposits.Indeed, depositors have faith in Kotak Mahindra Bank more than the bank has faith in its borrowers.

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Russia
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Detail statistic
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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