Thread by @kothariabhishek

.@CNBCTV18Live
@KotakBankLtd Concall Highlights
@udaykotak says:
Moving to new normal world – last time spoken
The way virus is going & economy is going – now in a never normal world
Constant changing world
Saw surge in activity in the month of june

Early data for July suggests flattening viz-a-viz June rather than increasing
Hope to see COVID19 to peak out at Aug-Sept
There are some encouraging signs from Mumbai & Delhi
Economy will get back to 2019 runrate by Q2 2021-22
Moratorium 2.0 is at 9.65% of the book

Fundamental philosophy deeply committed to is B/S is more imp than short term P&L
Used surgical criteria for taking decisions on moratorium 2.0
Trying to find fundamentally viability of the customer to give out moratorium 2.0
Some accounts have flown into NPA

Where viability of underlying business has been under question: let it flow through (NPA) rather than kicking the can
Lean more on distribution & mk rather than taking disproportionate B/S risk
Not succumbed to temptations of booking profits under treasury

Sitting on significant MTM gains on bond portfolio
Didn't book treasury profits to make the Q1FY21 earnings look good

There has been some noise around one time restructuring
It will come with pain to both bank and customers
Banks will need to make upfront provisions on restructuring standard accounts