Sustained NIM compression
NIM fell 20bps QoQ to 5.02% due to rising deposit costs and lower unsecured lending; further pressure could persist if CASA does not recover.
high · data_observationKotak Mahindra Bank Limited — Q1 FY25
Kotak Mahindra Bank's Q1 FY25 consolidated PAT (ex-KGI transaction) grew 7% YoY to INR 4,435 crore, but bank-level PAT was flat at INR 3,520 crore.
neutral
medium
✓ Verified against BSE filing
Risk Intelligence
Material risks this quarter
Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.
Risks
Unsecured retail asset quality stress
Credit costs rose to 55bps annualized, driven by delinquencies in lower-ticket credit cards and microfinance; management tightened norms but risk remains.
medium · management_commentaryRBI embargo timeline uncertainty
Management declined to provide a specific timeline for lifting the embargo, citing dependence on RBI's comfort with progress and sustainability.
medium · analyst_questionMicrofinance volatility in select states
Delinquencies in microfinance rose in states like Tamil Nadu, MP, and UP due to heat waves and elections; recovery expected in H2 but uncertain.
medium · management_commentary