Kotak Mahindra Bank — growth resumes and quality intact

The bank recap-led correction in private sector bank stocks provides an ideal opportunity to accumulate this best in class business for the long term.

Kotak Mahindra Bank maintained the dream run of perfect execution amid myriad macro volatility. It is heartening to see growth making a decisive comeback. With a savvy management steering the group that is ideally placed to capture the transformation of the financial sector, the bank recap-led correction in private sector bank stocks provides an ideal opportunity to accumulate this best in class business for the long term.

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Group profitability – driven by bank, securities, insurance & asset management

A peek into the quarter suggests that the 23 percent growth in the group’s profitability were driven by the bank, Kotak Securities (the brokerage), the asset management company and Kotak Old Mutual (the insurance company, of which the group has now complete ownership.

Source: Money Control