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Kotak Bank Q3 Preview | Net profit may rise 12%, loan growth 16%

Morgan Stanley India expects Kotak Bank to report a loan growth of 16 percent in the December quarter due to pick-up in business activity

Mumbai / January 28, 2022 / 07:15 AM IST
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Kotak Mahindra Bank is likely to report a 12 percent year-on-year rise in net profit to Rs 2,073 crore for the quarter ended December, according to an average of estimates by five brokerage firms.

The lender is also expected to report an 11.7 percent on-year growth in net interest income in the reporting quarter to Rs 4,474.7 crore aided by strong loan growth. Brokerage firm Morgan Stanley India expects Kotak Bank to report a loan growth of 16 percent in the December quarter due to pick-up in business activity.

“NII momentum expected to improve with focus on revving loan growth in addition to support from funding cost tailwinds,” said brokerage firm Prabhudas Lilladher in a preview note.

The private sector lender’s asset quality is likely to improve as Motilal Oswal Financial Services expects gross non-performing loans ratio to come at 3 percent in the quarter ended December as against 3.2 percent percent in the previous quarter. The net NPA ratio of the bank is likely to remain unchanged at 1.1 percent.