Kotak Mahindra Bank may find it tough to maintain Q4 margin
Mint Mumbai|May 02, 2023
Kotak Mahindra Bank saw healthy growth in March quarter (Q4FY23) net profit driven by expansion in net interest margin (NIM) and lower operating costs. Standalone net profit increased by 26% year-on-year (y-o-y) to around ₹3,500 crore.
Bavadharini KS
Kotak Mahindra Bank may find it tough to maintain Q4 margin

The bank’s NIM rose to a multi-quarter high of 5.75%, up 28 basis points from Q3. The higher mix of floating rate loans has helped in faster transmission of rates, aiding margin expansion.

However, this could have its own drawback. “We argue NIM is near peak, and once policy rate hikes end in FY24, downward repricing of loans would drag NIM. At 79%, Kotak has the largest share of assets that reprice within a year," Nuvama Research said in a 29 April report. That said, the management expects to sustain NIM at more than 5% even with policy rate cuts.

この記事は Mint Mumbai の May 02, 2023 版に掲載されています。

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この記事は Mint Mumbai の May 02, 2023 版に掲載されています。

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