In this market fall one business that I am exploring is Kotak Mahindra Bank. I will be going through all concalls and annual reports and presenting my understanding of this franchisee some of which will come through interesting ideas of Mr Uday Kotak.
As Mr Uday Kotak will say, build capabilities first and then chase growth. This was in response to when asked about how fast can the bank grow?
Q1FY2011 Concall Transcript
Q1FY2011 Concall Transcript
When asked n approach to lending and NIM's going forward.
Q2FY11 Concall transcript
Q2FY11 Concall transcript
On how is a growth number decided by the management for the near term?
Q2FY11 Concall Transcript
Q2FY11 Concall Transcript
When asked about CASA growth and the significance of a large branch network as a pre requisite for higher CASA
Q3FY11 Concall Transcript
Q3FY11 Concall Transcript
On restructuring of assets in a bank's loan book
Q3FY2011 Concall Transcript
Q3FY2011 Concall Transcript
On why sum of the parts valuation and listing each business separately doesn't make sense for investors in Kotak Mahindra Bank in the long run
When asked how long it takes before the strategy of chasing CASA actually shows in the bottom line?
Q1FY2012 Concall Transcript
Q1FY2012 Concall Transcript
On the fundamental difference between a bank recognizing a bad asset as a NPA instead of restructuring it
Q4FY2012 Concall Summary
Q4FY2012 Concall Summary
On how unsecured lending environment is getting better and reasons to accrue for it
Q4FY2012
Q4FY2012
How dynamic is risk management in the lending business
Q4FY2012 Concall Transcript
Q4FY2012 Concall Transcript
This one answer explains banking on a very simple level.
Q1FY2013 concall transcript
Q1FY2013 concall transcript
Foreseeing in 2012 how the leveraged institutions were just being given a temporary breather and that it could lead to problems in future for those institutions
Q2FY2013 Concall Transcript
Q2FY2013 Concall Transcript
On acquisition of distressed accounts hampering the short term profitability due to recognition as NPA through P&L.
Q2FY13 Concall Transcript
Q2FY13 Concall Transcript
On how to grow in an environment when competition is intense and do you let business go away?
Q3FY13 Concall Transcript
Q3FY13 Concall Transcript
Building the capital market business through the tough times.
Q4FY2013 Concall Transcript
Q4FY2013 Concall Transcript
On the dividend policy and the reason behind it
Q4FY2013 Concall Transcript
Q4FY2013 Concall Transcript
On philosophy of NPA recognition and possible solutions
Q4FY2013
Q4FY2013
The four key components of a bank's balance sheet
Q2FY2014 Concall Transcript
Q2FY2014 Concall Transcript
The three key capacity constraints in the Indian banking system outlined and explained
Q4FY14 Concall Transcript
Q4FY14 Concall Transcript
On growing not just when the sector is growing but when others cant due to capacity constraints
Q3FY16 Concall Transcript
Q3FY16 Concall Transcript
Navigating through risk, understanding the dangers of leverage in the bank's business model
Q3FY16 Concall Transcript
Q3FY16 Concall Transcript
While some promoters don't shy away from giving 10-20 year targets Uday Kotak says without adequate homework even a 3 year target is difficult
Q4FY16 Concall Transcript
Q4FY16 Concall Transcript
The risk that is unsecured lending. Accounting profits are immediate while economic profit comes only when last installment is paid.
Q1FY17 Concall Transcript
Q1FY17 Concall Transcript
Errors of omission vs Errors of commission
Q2FY18 Concall transcript
Q2FY18 Concall transcript
The logic behind a high savings rate and the patience it takes to build a franchisee from ground zero
Q2FY18 Concall Transcript
Q2FY18 Concall Transcript
Evaluating external environments and being cognizant of risks emerging from other areas of financial services to banks
Q1FY18 Concall Transcript
Q1FY18 Concall Transcript
When asked why to hold excess capital and depress short term ROE's
Q1FY18 Concall Transcript
Q1FY18 Concall Transcript
In hindsight this would look prophetic to say the least. Highlighting the liquidity fueled rally in mid cap and small caps in January 2018. We all know what's happened since then
Q3FY18 Concall Transcript
Q3FY18 Concall Transcript
Why cost to income to measure banks is a misnomer because it doesn't differentiate between operating costs and costs incurred for investing for the future
Q3FY18 Concall Transcript
Q3FY18 Concall Transcript
The risks of lending to the SME segment as Uday Kotak explains how current assets suddenly evaporate when the environment turns sour and collateral's are highly overvalued
Q1FY19 Concall transcript
Q1FY19 Concall transcript
Warning about the next problem to hit the banking segment i.e overvalued collaterals and the nexus with valuers
Q1FY19 Concall Transcript
Q1FY19 Concall Transcript
Explaining the concentrated risk mutual funds carry by being overexposed to NBFC sector which is now facing the heat of liquidity
Q2FY19 Concall Transcript
Q2FY19 Concall Transcript
How regulation of financial system need to now take cognizance of the fact that all type of institutions apart from banks are now involved
Q2FY19 Concall Transcript
Q2FY19 Concall Transcript
Looking at banking as a business of continuity rather than over two or three quarters
Q3FY19 Concall Transcript
Q3FY19 Concall Transcript
Questioning the disproportionate role of external fiduciaries in the lending process of banks
Q4FY19 Concall Transcript
Q4FY19 Concall Transcript
Explains how land financing happens in garb of crop loans and how RBI directives are misused in the agri segment
Q1FY20 Concall Transcript
Q1FY20 Concall Transcript
On owner's mindset
Q3FY20 Concall Transcript
Q3FY20 Concall Transcript
