RBI embargo on digital credit card issuance continues
The tech embargo restricts digital onboarding for credit cards, limiting growth in unsecured retail and pressuring NIM.
KOTAKBANK / Q2-FY25 / risks
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Kotak Mahindra Bank · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
high
Elevated stress in unsecured retail and microfinance
Credit card and MFI slippages remain elevated due to over-leveraging and rural income slowdown; recovery may take 2-3 quarters.
RBI draft circular on investments could force business restructuring
The draft circular may require consolidation of lending subsidiaries into the bank, impacting capital allocation and business models.
Margin pressure from asset mix shift and potential rate cuts
NIM compressed 11bps QoQ due to shift to secured assets; further rate cuts could pressure yields, though deposit costs may lag.