External broker reports(aggregated public sources), Emkay Global Financial Services Limited

Emkay

Emkay Global Financial Services Ltd. is a leader in the financial services sector, actively creating wealth for our clients for over two decades.

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Emkay Global Financial Services Limited

Emkay Global Financial Services Ltd. is a leader in the financial services sector, actively creating wealth for our clients for over two decades. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Emkay Global Financial's research report on Kotak Mahindra Bank Kotak Mahindra Bank (Kotak) reported a huge 28% beat on PAT (which stood at Rs41bn), mainly on treasury gains/debt syndication fees, reversal of AIF provisions (Rs1.6bn), and lower tax rate @21%.</li><li>Its CASA ratio has slipped by 1,500bps in the last 2Y to 45.5%; this, coupled with the recent RBI embargo on digital customer sourcing (incl.</li><li>Kotak 811) and slower branch expansion vs peers, could further hurt the bank amid the raging war for retail deposits.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Emkay Global Financial's research report on Kotak Mahindra Bank Kotak Mahindra Bank (Kotak) reported a huge 28% beat on PAT (which stood at Rs41bn), mainly on treasury gains/debt syndication fees, reversal of AIF provisions (Rs1.6bn), and lower tax rate @21%.Its CASA ratio has slipped by 1,500bps in the last 2Y to 45.5%; this, coupled with the recent RBI embargo on digital customer sourcing (incl.Kotak 811) and slower branch expansion vs peers, could further hurt the bank amid the raging war for retail deposits.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Kotak Mahindra Bank - Strong Earnings Beat, but CASA Continues to Retreat