Analyst Corner| KMB: Maintain ‘buy’ as bank continues to see improvement

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 […]

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