KOTAK BANK concalls takeaways -
1. Economic recovery seems more longish & drawn-out, about 6 to 9 months.
2. Some customers shifted from YES Bank to Kotak Bank.
3. Seen decent increase in saving deposits, marginal increase in current deposit & just stable term deposits...(1/4)
1. Economic recovery seems more longish & drawn-out, about 6 to 9 months.
2. Some customers shifted from YES Bank to Kotak Bank.
3. Seen decent increase in saving deposits, marginal increase in current deposit & just stable term deposits...(1/4)
4. Didn't have too much of govt deposits; not seen significant movement there.
5. Been cautious on SME segment for last year or so. Wholesale: have been selective & not taken any bets on the segment. Slammed brakes on retail unsecured loans post COVID-19 outbreak.....(2/4)
5. Been cautious on SME segment for last year or so. Wholesale: have been selective & not taken any bets on the segment. Slammed brakes on retail unsecured loans post COVID-19 outbreak.....(2/4)
6. Incremental accretion of assets have slowed down. Being cautious w.r.t. assets due to current envmnt.
7. Industry level, will see problems on recovery front. Default rate will jump across segments due to which recovery will get impacted....(3/4)
7. Industry level, will see problems on recovery front. Default rate will jump across segments due to which recovery will get impacted....(3/4)
8. If a bank is not the first to reach the customer; they may end up losing money. Secured loans will get settled 1st by customer.
9. On economy & COVID-19
Urban mkt is more problematic than rural mkt. Non-urban areas are not much impacted by COVID19..(4/4)
9. On economy & COVID-19
Urban mkt is more problematic than rural mkt. Non-urban areas are not much impacted by COVID19..(4/4)
