KOTAK MAHINDRA BANK LIMITED - Business growth best among peers; further improvement in credit quality
Kotak Mahindra Bank (KMB) reported superlative 3QFY22 results with the key pointers being: a) profitability (PAT inclined 5% sequentially) on the back of strong NII (up 8% QoQ) and provision write-back, b) PPOP lagged because of MTM losses and higher operating expenses (C/I: 53%...