Budget 2020

Lofty valuations factor in key positives for risk conscious Kotak Bank: Analysts

NEW DELHI: ‘s March quarter earnings missed analysts’ estimates on the profit front led by lower-than-expected growth in net interest income (NII) and higher provisions. Analysts say the private lender has been risk conscious for a while, which has taken a toll on its growth. Analysts believe the stock will closely track growth momentum, which […]

Budget 2020

Kotak Mahindra Bank Q4 preview: Profit may jump 60%; provisions likely to stay high QoQ

NEW DELHI: is expected to report up to 60 per cent year-on-year rise in net profit for the March quarter on a likely drop in provisions, while provisions, too, are expected to remain elevated on a sequential basis. Other incomes may decline up to 70 per cent YoY, various brokerage estimates showed. The growth in […]