AIF provisions, treasury loss contribute to slight earnings miss

Company
23 Jan 2024
5 Min read 
  • Kotak Mahindra Bank reported slight earnings miss due to provisions and treasury loss.
  •  NII and NIMs grew 16% YoY and remained stable at 5.22%.
  •  Advances and deposits grew 16% and 19% YoY, led by term deposits.
  •  Fresh slippages declined 10% QoQ and asset quality remained stable.
  •  PAT estimates for FY24/FY25 were cut by 3.2%/2.7%.
  •  Bank expects RoA/RoE to be 2.4%/14.4% by FY25.
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