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SENSEX 80,890.19
+388.20
NIFTY 24,480.25
+133.55
CRUDEOIL 4,732.00
-208.00
GOLD 93,055.00
+418.00
SILVER 93,130.00
-159.00
SENSEX 80,890.19
+388.20
NIFTY 24,480.25
+133.55
NIFTY 24,480.25
+133.55
CRUDEOIL 4,732.00
-208.00
CRUDEOIL 4,732.00
-208.00
GOLD 93,055.00
+418.00
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The lender reported a bigger-than-expected drop in profit on Saturday, mainly hurt by higher provisions for bad loans
By Reuters
Updated - May 05, 2025 at 10:24 AM.
FILE PHOTO: A man walks past the Kotak Mahindra Bank branch in New Delhi, India| Photo Credit:ADNAN ABIDI
Kotak Mahindra Bank’s shares slid 5.5 per cent on Monday after the lender’s fourth-quarter results fanned concerns over higher credit costs and softer loan growth.
The lender reported a bigger-than-expected drop in profit on Saturday, mainly hurt by higher provisions for bad loans.
Analysts at Investec called Kotak's loan growth of 13 per cent "a tad softer", while BofA analysts said the loan growth momentum was a "key disappointment."
BofA also downgraded Kotak Mahindra Bank's stock to "neutral".
Meanwhile, Bernstein analysts said Kotak saw yet another quarter of higher credit costs, which was a key surprise, especially as its peers reported stable or improving credit costs.
The stock was the top loser on the benchmark Nifty 50 , which was trading 0.6% higher, and also on the Nifty bank index, which was flat.
The session's fall trimmed the stock's year-to-date gains to about 16 per cent, which is still roughly double the 8.3 per cent increase in the Nifty bank index.
Also read
Kotak Mahindra Bank Q4 PAT down 14% on higher provisionsMore Like This
Published on May 5, 2025
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