Retail CV stress persists
Stress in the retail commercial vehicle segment continues, with management expecting elevated credit costs for a few more quarters.
medium · management_commentaryKotak Mahindra Bank Limited — Q2 FY26
Kotak Mahindra Bank reported a standalone PAT of INR 3,253 crore for Q2 FY26, with NIM at 4.54% and credit costs declining to 79 bps from 93 bps QoQ.
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
Further repo rate cuts could pressure NIM
If the RBI cuts rates further, NIM improvement may be delayed as deposit repricing benefits could be offset.
medium · analyst_questionSlow unsecured book rebuild
Credit card book declined 7% despite embargo lift; management is cautious on ramping up, which may delay revenue growth.
low · data_observation