Kotak Mahindra Bank is scheduled to announce its second quarter results on Saturday (October 19). Analysts expect key financial parameters to grow compared to last year.
They expect the bank’s net interest income (NII) to reach ₹6,996.9 crore, representing a growth of 11.1% from ₹6,296.6 crore.
Profit after tax (PAT) is estimated at ₹3,513 crore, showing a growth of 10.1% from ₹3,191 crore.
Investors will be watching key areas closely during this earnings announcement.
The focus will be on business momentum, particularly with respect to deposit and loan growth rates. Movements in net interest margin (NIM) will serve as a key indicator of profitability.
Additionally, growth in low-cost deposits will be key to maintaining margins.
Asset quality metrics, including slippages, will also be examined to assess the health of the bank.
Finally, management’s commentary on business momentum and credit costs will provide insight into the bank’s future outlook.
In a separate development, Kotak Mahindra Bank has announced an agreement to acquire the personal loan book of Standard Chartered Bank, India.
As of September 30, 2024, the proposed transaction involves total outstanding loans of approximately ₹4,100 crore (approximately $490 million), including loans classified as “standard loans” as per Reserve Bank of India (RBI) guidelines.
KMBL Managing Director and CEO Ashok Vaswani had earlier emphasised that the bank is open to merger and acquisition opportunities that enhance the value of the bank.
