January 27, 2021 at 08:01AM
For 3QFY21, KOTAKB’S profit of Rs 18.5bn, up 16%YOY, was below estimate due to higher credit costs. High slippages & rise in SMA2 loans were disappointing- coupled with interest-reversal, this pushed up credit cost. We are encouraged to see 22% rise in Casa to 59% of deposit and improved lending appetite & demand (loans up […]
from The Financial Express
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