Kotak Mahindra Bank’s Post

Consol highlights: Consol PAT for Q2FY25 at Rs. 5,044 cr, up 13% YoY Assets Under Management at Rs. 680,838 cr, up 37% YoY ROA was 2.53% for Q2FY25 (annualised) ROE was 13.88% for Q2FY25 (annualised) Consol Networth at Rs. 147,214 cr (incl. increase in reserves due to RBI’s Master Direction on Bank’s investment valuation & gain on KGI divestment) Book Value per Share at September 30, 2024 was ₹ 740 Q2FY25 PAT of Major subsidiaries: Kotak Securities: Rs. 444 cr Kotak Mahindra Life Insurance: Rs. 360 cr Kotak Mahindra Prime: Rs. 269 cr Kotak Mahindra AMC & TC: Rs. 197 cr Kotak Mahindra Investments: Rs. 141 cr Kotak Mahindra Capital Company: Rs. 90 cr      BSS Microfinance: Rs. 16 cr Bank Standalone Q2FY25 highlights: PAT at Rs. 3,344 cr, up 5% YoY NII at Rs. 7,020 cr, up 11% YoY NIM at 4.91% Fees & Services at Rs. 2,312 cr, up 14% YoY CAR as at September 30, 2024 was 22.6 % & CET I ratio was 21.5% (incl. unaudited profit) Customers as at September 30, 2024 were 5.2 cr Deposits: Avg. Total Deposit for Q2FY25 at Rs. 446,110 cr, up 16% YoY Avg. CA for Q2FY25 at Rs. 61,853 cr, up 6% YoY Avg. SA for Q2FY25 at Rs. 124,823 cr, up 2% YoY Avg. TD for Q2FY25 at Rs. 259,434 cr, up 26% YoY CASA ratio as at September 30, 2024 at 43.6% TD Sweep for Q2FY25 at Rs. 52,411 cr, up 41% YoY Advances: Customer Assets (Advances incl. IBPC & BRDS + Credit Substitutes) at Rs. 450,064 cr, up 18% YoY Advances (incl. IBPC & BRDS) at Rs. 419,108 cr, up 17% YoY Asset Quality at September 30, 2024: GNPA at 1.49% NNPA at 0.43% To know more, visit: https://bit.ly/4d6mokg #KotakMahindraBank

Consol highlights: Consol PAT for FY24/Q4FY24 at Rs. 18,213 cr/ Rs. 5,337 cr, up 22%/17% YoY Assets Under Management at Rs. 560,140 cr, up 33% YoY ROA was 2.92% for Q4FY24 ROE was 16.85% for Q4FY24 Consol Networth at Rs. 1,29,892 cr FY24/Q4FY24 PAT of Major subsidiaries: Kotak Securities: Rs. 1,226 cr/ Rs. 378 cr Kotak Mahindra Prime: Rs. 888 cr/ Rs. 223 cr Kotak Mahindra Life Insurance: Rs. 689 cr/ Rs. 109 cr Kotak Mahindra AMC & TC: Rs. 525 cr/ Rs. 150 cr Kotak Mahindra Investments: Rs. 514 cr/ Rs. 129 cr Kotak Mahindra Capital Company: Rs. 215 cr/ Rs. 97 cr BSS: Rs. 383 cr / Rs. 76 cr Bank Standalone FY24/Q4FY24 highlights: PAT at Rs. 13,782 cr/ Rs. 4,133 cr, up 26%/ 18% YoY NII at Rs. 25,993 cr/ Rs. 6,909 cr, up 21%/ 13% YoY Fees & Services at Rs. 8,464 cr/ Rs. 2,467 cr, up 25%/28% YoY NIM at 5.28% CAR as at Mar 31, 2024 was 20.5% & CET I ratio was 19.2% Customers as at Mar 31, 2024 were 5.0 cr Deposits: CASA ratio as at Mar 31, 2024 at 45.5% Avg. CA for Q4FY24 at Rs. 60,160 cr Avg. SA for Q4FY24 at Rs. 123,457 cr Avg. TD for Q4FY24 at Rs. 224,703 cr ActivMoney (TD Sweep): Rs. 47,052 cr Advances: Advances (incl. IBPC & BRDS) at Rs. 3,91,729 cr, up 20% YoY Customer Assets (Advances incl. IBPC & BRDS + Credit Substitutes) at Rs. 4,23,324 cr, up 20% YoY Asset Quality: GNPA at 1.39% NNPA at 0.34% Dividend: The Board of Directors of the Bank has recommended dividend of Rs. 2.00 per equity share having face value of Rs. 5.00, for the year ended Mar 31, 2024, subject to approval of shareholders To know more, visit: https://bit.ly/46DHDal #KotakMahindraBank

Consol highlights: Consol PAT for Q1FY25 at Rs. 7,448 cr, up 79% YoY Consol PAT for Q1FY25 excl. gains on divestment of stake in Kotak General Ins at Rs. 4,435 cr Assets Under Management at Rs. 636,311 cr, up 36% YoY ROA was 3.87% for Q1FY25 (annualised) ROA excl. gains on divestment of stake in Kotak General Ins was 2.30% for Q1FY25 (annualised) ROE was 22.04% for Q1FY25 (annualised) ROE excl. gains on divestment of stake in Kotak General Ins was 13.12% for Q1FY25 (annualised) Consol Networth at Rs. 1,41,165 cr (incl. impact increase in reserves on implementation of RBI Directions) Q1FY25 PAT of Major subsidiaries:  Kotak Securities: Rs. 400 cr Kotak Mahindra Prime: Rs. 232 cr Kotak Mahindra AMC & TC: Rs. 175 cr Kotak Mahindra Life Insurance: Rs. 174 cr Kotak Mahindra Investments: Rs. 138 cr Kotak Mahindra Capital Company: Rs. 81 cr BSS Microfinance: Rs. 50 cr Bank Standalone Q1FY25 highlights: PAT at Rs. 6,250 cr, up 81% YoY  PAT excl. gains on divestment of stake in Kotak General Insurance at Rs. 3,520 cr NII at Rs. 6,842 cr, up 10% YoY NIM at 5.02%  Fees & Services at Rs. 2,240 cr, up 23% YoY CAR as at June 30, 2024 was 22.4 % & CET I ratio was 21.3% (incl. unaudited profit) Customers as at Jun 30, 2024 were 5.1 cr Deposits: Avg. Total Deposit for Q1FY25 at Rs. 435,603 cr, up 21% YoY Avg. CA for Q1FY25 at Rs. 62,200 cr, up 5% YoY Avg. SA for Q1FY25 at Rs. 122,105 cr, up 2% YoY Avg. TD for Q1FY25 at Rs. 251,298 cr, up 38% YoY CASA ratio as at June 30, 2024 at 43.4%  TD Sweep for Q1FY25 at Rs. 48,179 cr, up 66% YoY Advances: Advances (incl. IBPC & BRDS) at Rs. 405,957 cr, up 20% YoY Customer Assets (Advances incl. IBPC & BRDS + Credit Substitutes) at Rs. 435,827 cr, up 20% YoY Asset Quality at June 30, 2024: GNPA at 1.39% NNPA at 0.35% To know more, visit: http://bit.ly/4d6mokg #KotakMahindraBank

🚨 Standard Chartered Bank's divestment of Personal Loan portfolio in India 🚨 Yes, Kotak Mahindra Bank expands its Retail Lending portfolio with acquisition of SC Bank's ₹3,330 Crore Personal Loan Book 📈 This strategic move, completed on January 23, 2025, after receiving all necessary regulatory approvals, aligns with Kotak's vision of strengthening its leadership in the retail lending space. The acquisition is more than a financial transaction; it represents Kotak’s commitment to delivering a seamless customer experience. By leveraging its technological expertise and robust risk management practices, Kotak aims to ensure a smooth transition for Standard Chartered's personal loan customers. India’s unsecured lending market offers immense growth potential, especially in the affluent segment. This acquisition not only enhances Kotak’s retail assets portfolio but also provides access to a high-quality customer base. On the other hand, Standard Chartered’s decision to divest aligns with its focus on wealth management and SME banking, showcasing a shift in strategic priorities. As Kotak continues to report strong financial performance, this acquisition reinforces its growth trajectory and long-term retail strategy. A win-win for both banks, this development showcases how targeted strategies can fuel sustainable growth and create synergies in the dynamic banking sector. #KotakMahindraBank #StandardCharteredBank #Acquisition #PersonalLoan #Leadership #RetailLending #BankingInnovation

Are we spending more than we save? Despite the full impact of the merger of HDFC and HDFC Bank, credit growth continues to surpass deposit growth. The latest RBI data shows that while deposits grew by 11.3%, credit surged by 14% year-on-year. This trend raises concerns about our financial habits and the potential structural liquidity issues in the banking sector. #bankingsector #deposit #credit #growth #finance #liquidityissues #bpaconsulting

HDFC BANK Q3 CONCALL Seasonality has played out in slippages Loan book has been positioned on an annual basis, not sequentially Our cost to assets at 1.93% is one of the best in industry Provisions for HDB Financial Services has increased annually Endeavoring to get CD ratio to pre- merger levels of below 90% Currently, CD ratio at 98% Need couple of years to get CD ratio back to pre-merger levels

This is the bank that committed to doubling its loan book within four years at the time of the merger in July 2023! Circumstances have changed, and today HDFC Bank has no other option but to sell its own loan book – the largest sale in its history. No one could have imagined this at the time of the merger, when the management was incredibly confident. With RBI getting stricter on front of LDR and LCR ratios for banks, deposit growth continuing to remain tepid and industry wide pressure on Net Interest Margins - the tide continues to be against the banks. Stark reminder for everyone: things often don’t go as planned – always prepare for the worst! Even the biggest corporates are not immune to such circumstances. *********************************** We have tracked 'HDFC Bank' closely since start of this year for Finding Outperformers, subscribe and get free access to all research work. (Link in comments below) #bank #hdfc #rbi #india

📊 One Year Post-Merger: HDFC Bank's Credit Growth Outpaces Deposit Growth 🚀 Even one year after the full impact of the HDFC and HDFC Bank merger, deposit growth continues to lag behind credit growth, according to the latest RBI data. Key Highlights: - Deposit Growth: Increased by 11.3% year-on-year, including the merger impact. - Credit Growth: Outpaced deposits with a 14% year-on-year increase. This trend underscores the strong demand for credit in the market, reflecting robust economic activity and consumer confidence. However, the slower deposit growth indicates a need for banks to strategize on attracting more deposits to balance their funding and lending operations. #Finance #Banking #HDFCBank #CreditGrowth #Deposits #EconomicTrends #RBI #Merger #Finance #InvestmentBanking #FinancialServices #CapitalMarkets #AssetManagement #PrivateEquity #VentureCapital #MergersAndAcquisitions #FinancialAnalysis #CorporateFinance #WealthManagement #StockMarket #Investing #HedgeFunds #EconomicAnalysis #FinancialPlanning #BusinessFinance #FinancialMarkets #GlobalFinance #FinancialConsulting #InvestmentManagement #FinancialAdvisory #BankingSector #FinancialTechnology #Fintech #FinanceJobs #FinanceProfessionals #FinancialLeadership #InvestmentOpportunities #MarketAnalysis #FinancialRisk #AssetAllocation #FinancialSector

DAM Capital Advisor's stellar subscription response of 81.88X on the final day opened the field for other pure-play investment banks. Subscription Details: - Qualified Institutional Buyers (QIBs): 166.33X - Non Institutional Investors (NIIs) portion: 98.47X - Retails: 26.80X More Details: - Issue Size: ₹840 Crores - OFS: 2.97 Crores shares (100% OFS, No Fresh Issues) - Price Band: ₹269 - ₹283 a piece - Estimate Valuation: ₹2000 Crores - GMP: ₹160/share - Listing Date: Friday, 27th December More about DAM Capital Advisors Limited: - Spin-Off from IDFC FIRST Bank in 2019 with revenue of ₹180.4 Crores (~112% increase) and - PAT of ₹70.52 Crores (713% Jump) - IPO/QIP market share: 12% - Revenue split: 67% from #InvestmentBanking Services with 51 employees and the rest from Institutional Equities Business with 60 employees. - 72 ECM Transactions (#IPOs, QIPs, OFS, Right Issues) - 23 advisory transactions (#M&A, PE #advisory, #StructuredFinance Advisory) The Bottomline: - At a PAT of ₹70.52 Crores during the bull run the valuation still stands at 28.36X multiple. - The bull run may end soon and the PAT may stabilize again to ₹35-40 Crores with a bear market PAT around Fy23 numbers of merely ₹8-9 Crores. - With immense primary interest from investors, most of the retail investors will cash in the first week itself. No Reco

HDFC’s credit-deposit ratio rose as high as 110 per cent after the merger, according to a report by ICRA Ratings, the local arm of Moody’s Investors. It has since dropped to 104 per cent at the end of the last financial year, though it remains above the average of between 85 and 88 per cent in 2020-21 through 2022-23 https://mybs.in/2dXKS5A