{"id":135137,"date":"2022-10-26T07:39:16","date_gmt":"2022-10-26T11:39:16","guid":{"rendered":"https:\/\/44.250.171.167\/?p=135137"},"modified":"2022-10-26T07:39:18","modified_gmt":"2022-10-26T11:39:18","slug":"kotak-mahindra-bank-ltd-q2-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/kotak-mahindra-bank-ltd-q2-fy23-earnings-conference-call-insights\/","title":{"rendered":"Kotak Mahindra Bank Ltd Q2 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"KOTAKBANK Stock | Kotak Mahindra Bank Ltd Q2 FY23 Earnings Concall\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/z_loN5r8KSo?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><strong>Key highlights from Kotak Mahindra Bank Ltd (<a href=\"https:\/\/44.250.171.167\/symbol\/KOTAKBANK\/\">KOTAKBANK<\/a>) Q2 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>\u00a0<\/strong><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>[00:38:49] Manish Shukla of Axis Capital asked about credit substitutes growing and its nature in terms of duration. K.V.S. Manian Whole-Time Director said the bank this year has built a relatively less than 1 year kind of tenure instruments. So KOTAKBANK in better-rated corporates with lower tenure, prefers to do a credit substitute than loans.<\/li>\n<\/ul>\n<ul>\n<li>[00:40:20] Manish Shukla from Axis Capital enquired about the proportion of retail TDs of INR2 crores in overall TDs. Jaimin Bhatt Group CFO replied that it would be about 60% off the overall TDs.<\/li>\n<\/ul>\n<ul>\n<li>[00:40:42] Manish Shukla with Axis Capital queried about margin trajectory going forward, if there is more room for expansion. Jaimin Bhatt Group CFO answered that it would be difficult for the bank currently to conclusively say from a NIM rate of around 5.2% where it would end. However, the bank added that it has high-yield book of unsecured retail, which is currently about 8.7% and is growing faster than the rest of the book.<\/li>\n<\/ul>\n<ul>\n<li>[00:44:11] Saurabh Kumar of JPMorgan asked about the LCR for 2Q23. Uday Kotak MD replied that the LCR for the quarter was 119.1%.<\/li>\n<\/ul>\n<ul>\n<li>[00:44:24] Saurabh Kumar of JPMorgan enquired about any target for unsecured and about microfinance growing quickly. Uday Kotak MD replied that the unsecured retail number of 8.7% includes microfinance. KOTAKBANK\u2019s current comfort based on the cycle is to move to around mid-teens. So the bank is seeing reasonable room for growth in terms of mix.<\/li>\n<\/ul>\n<ul>\n<li>[00:47:01] Rahul Jain from Goldman Sachs enquired about deposit growth and when can the bank see the momentum building up with increased rates. Virat Diwanji President Retail Liabilities answered that the bank is highly focused on granular deposits. Also the salaried book is a steady book and the bank will focus on that a little more to build it.<\/li>\n<\/ul>\n<ul>\n<li>[00:55:43] Rahul Jain with Goldman Sachs asked that which segments will grow faster in the next couple of quarters and thoughts on growth vs. profitability. Uday Kotak MD answered that it will be driven by the risk return matrix and it won\u2019t let the bank retract from penetrating a segment to be aggressive on pricing.<\/li>\n<\/ul>\n<ul>\n<li>[00:58:52] Prakhar Sharma of Jefferies asked about the reason for MTM loss declining drastically in 2Q23. Uday Kotak MD said that it\u2019s because the portfolio would have churned. Also the rates would have changed, and taken some of the portfolio out and bought some new also during that period.<\/li>\n<\/ul>\n<ul>\n<li>[01:01:50] Kunal Shah with ICICI Securities asked that on deposits, when does the bank see the action on pricing across the board. Uday Kotak MD replied that the bank has significantly moved term deposit rates and are not dropping rates. \u00a0On term deposit, the bank is pricing on market and that\u2019s why it\u2019s healthy for the bank.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Kotak Mahindra Bank Ltd (KOTAKBANK) Q2 FY23 Earnings Concall \u00a0Q&amp;A Highlights: [00:38:49] Manish Shukla of Axis Capital asked about credit substitutes growing and its nature in terms of duration. K.V.S. Manian Whole-Time Director said the bank this year has built a relatively less than 1 year kind of tenure instruments. So KOTAKBANK [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"Kotak Mahindra Bank Ltd Q2 FY23 Earnings Conference Call Insights #KOTAKBANK #Q2 #FY23 #Earnings #Stocks","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,1],"tags":[151,1792],"class_list":["post-135137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-finance-stocks","tag-banking","tag-financial-services"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":138765,"url":"https:\/\/alphastreet.com\/india\/indusind-bank-ltd-q3-fy23-earnings-conference-call-insights\/","url_meta":{"origin":135137,"position":0},"title":"Indusind Bank Ltd Q3 FY23 Earnings Conference Call Insights","author":"Praveen","date":"January 19, 2023","format":false,"excerpt":"Key highlights from Indusind Bank Ltd (INDUSINDBK) Q3 FY23 Earnings Concall Management Update: [00:13:56] INDUSINDBK opened 64 branches during 3Q, totaling the branch count to 2,384 and the bank is aiming to close FY23 at 2,450-2,500 branches. Q&A Highlights: [00:23:22] Mahrukh Adajania from Nuvama Wealth asked about the new ECL\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":128869,"url":"https:\/\/alphastreet.com\/india\/kotak-mahindra-bank-ltd-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":135137,"position":1},"title":"Kotak Mahindra Bank Ltd Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"May 5, 2022","format":false,"excerpt":"https:\/\/youtu.be\/hbks-LEQ254 Key highlights from Kotak Mahindra Bank Ltd (KOTAKBANK) Q4 FY22 Earnings Concall Management Update: KOTAKBANK said that the bank is now seeing a sharp drop in the slippage ratio in terms of the new bad loans. For 4Q22, the slippage on an annualized basis is down to 1.08%, which\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":139735,"url":"https:\/\/alphastreet.com\/india\/kotak-mahindra-bank-limited-q3-fy23-nii-increased-to-%e2%82%b911011-crore\/","url_meta":{"origin":135137,"position":2},"title":"Kotak Mahindra Bank Limited Q3 FY23; NII Increased To \u20b911,011 Crore","author":"Hardik Bhandare","date":"February 1, 2023","format":false,"excerpt":"Kotak Mahindra Bank Limited (NSE: KOTAKBANK) reported Revenue from Interest for Q3 FY23 of \u20b911,011.29 Crore up from \u20b98,626.41 Crore year on year, a growth of 28%. Consolidated Net Profit of \u20b93,995.05 Crore, up 17% from \u20b93,402.74 Crore in the same quarter of the previous year. The Earnings per Share\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/c6013ab6-e65e-402d-91f9-225fae267ccf-scaled.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/c6013ab6-e65e-402d-91f9-225fae267ccf-scaled.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/c6013ab6-e65e-402d-91f9-225fae267ccf-scaled.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/c6013ab6-e65e-402d-91f9-225fae267ccf-scaled.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/c6013ab6-e65e-402d-91f9-225fae267ccf-scaled.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/c6013ab6-e65e-402d-91f9-225fae267ccf-scaled.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":126880,"url":"https:\/\/alphastreet.com\/india\/kotak-mahindra-bank-ltd-q3-fy22-earnings-conference-call-insights\/","url_meta":{"origin":135137,"position":3},"title":"Kotak Mahindra Bank Ltd Q3 FY22 Earnings Conference Call Insights","author":"Praveen","date":"January 31, 2022","format":false,"excerpt":"https:\/\/www.youtube.com\/watch?v=IY_-Fcb2kJo&t=10s Key highlights from Kotak Mahindra Bank Ltd (KOTAKBANK) Q3 FY22 Earnings Concall Management Update: On the mix of company\u2019s consolidated profits, the bank contributed 63% of Q3 FY22 consolidated profits, and the bank is looking forward to a broad continuing performance of its overall consolidated profits. \u00a0 KOTAKBANK added\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/Kotak-Mahindra-BankQ321.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/Kotak-Mahindra-BankQ321.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/Kotak-Mahindra-BankQ321.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/Kotak-Mahindra-BankQ321.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/Kotak-Mahindra-BankQ321.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":155169,"url":"https:\/\/alphastreet.com\/india\/kotak-mahindra-bank-ltd-q2-fy24-earnings-conference-call-insights\/","url_meta":{"origin":135137,"position":4},"title":"Kotak Mahindra Bank Ltd Q2 FY24 Earnings Conference Call Insights","author":"Praveen","date":"October 23, 2023","format":false,"excerpt":"Key highlights from Kotak Mahindra Bank Ltd (KOTAKBANK) Q2 FY24 Earnings Concall Q2 Results Net profit increased 24% year-over-year to INR4,461 crores. NIM decreased to 5.22% from 5.34% last quarter due to certain one-offs of about 14-15 bps. Advances grew 21% year-over-year; growth seen across most retail segments. 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Generally write-offs were taken towards\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/135137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=135137"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/135137\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=135137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=135137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=135137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}