Kotak recorded a marginal improvement of 1.6% YoY in interest income to Rs. 8,422cr in Q1FY21. Although the months of April and May had negligible collections, the company had strengthened its collections teams by moving key leadership and sales teams to collections, thus witnessing improvements in the months of June and July. Despite having a flat to negative loan growth, Net-interest income registered a healthy growth of 15.9% YoY to Rs. 4,793cr with NIM remaining flat YoY at 4.44% in the quarter. Non-interest income comprising of fees and treasury related services was also up 1.6% YoY to Rs. 3,901cr. The company has decided to increase its provisions...