One of the top diversified and integrated financial services conglomerates in India, Kotak offers a wide range of services, including banking (consumer, commercial, and corporate), credit and financing, asset management, life and general insurance, stock broking, investment banking, private banking, microfinance, and asset reconstruction, to a variety of clientele and geographical areas in India. Through international subsidiaries or affiliates in significant regions, they also also conduct business in foreign markets. They are going through a transition to achieve a business transformation with a greater focus on customers, technology, and talent.

By providing consumers with attractive interest rates, a stronger product offering, and the ease of a digital in-principle sanction on Kotak Digi Home Loans, the company pursued an aggressive home loan acquisition strategy.The Bank is aware of how crucial digital skills are to accelerating the rate of client acquisition and delivering best-in-class customer service.

Kotak 811 continues to be crucial in boosting the acquisition of savings account customers for the Bank by promising speedy account opening through a completely digital process, at any time of the day. The Bank is making investments to provide streamlined, technologically-driven customer acquisition and servicing journeys and procedures across a wide range of additional products as part of its core digital focus.

The Bank will actively collaborate with numerous Fintechs and similar startups in order to be on the cutting edge of quickly developing technology in the areas of client acquisition, customer servicing, and customer experience.

The Bank completely redesigned its online banking system in order to make it easier to use, quicker, safer, and more practical. In order to improve client acquisition, safety, service, and transaction processing capacity, particularly for payments and transfers, the Bank will keep investing in digital transaction channels.

FINANCIAL INFORMATION

Source: Company financial Report

The financial results for the second quarter and the six months ending September 30, 2022, were released by Kotak Mahindra Bank Limited. The company posted a net income of INR 36,081.8 million for the second quarter as opposed to INR 29,887.4 million in the same period last year. Basic earnings per share from continuing activities increased from 15.07 to 18.17 Indian rupees. In comparison to INR 15.06 a year ago, diluted earnings per share from continuing operations were INR 18.17. For the six months, net income increased from INR 47,948.3 million to INR 63,635.7 million. Basic earnings per share from continuing activities increased from 24.19 to 32.05 Indian rupees. Comparatively to INR 24.17 a year ago, diluted earnings per share from continuing operations were INR 32.05.

Source: Company financial Report

  SHAREHOLDING PATTERN

Source: Company financial Report

SHAREHOLDING COMPARE (% Holding)

Source: Company financial Report

COMPARE VALUATIONS WITH PEERS

Source: Company financial Report

Beginning in 2021, the global economy experienced a dramatic uptick in economic activity driven by pent-up demand and global relaxations of lockdown restrictions. According to the International Monetary Fund, global GDP increased by 6.10% in 2021 as opposed to declining by 3.1% in 2020. However, the economic outlook was changing with a lopsidedly positive uptick in activity in the advanced economies compared to the emerging economies. Large inequalities in vaccine access and governmental assistance, especially when the global recurrence of the highly transmissible Delta form further delayed the return to pre-pandemic normalcy, were the main causes of the divergence in economic outlook.

In addition to the 150 or so Aadhaar enrolment centres already present at branches, the Bank has also started a new initiative called "Aadhaar on Wheels" — a mobile vehicle-based service that will enable customers to easily enrol in or update their Aadhaar at a location convenient to their homes or places of business. At a certain date and time, camps will be set up at a variety of sites, including housing cooperatives, schools, colleges, and government buildings. The aforementioned programme is already operational in Pune, Surat, Mumbai, and Delhi, and the Bank plans to expand this service to a number of additional areas across Pan India.

The Bank has also begun a partnership with numerous milk mandlis in Gujarat to offer financial services to milk farmers and their families. With this, the sale revenues from milk from less wealthy farmers will be credited directly into customer accounts at regular intervals, and consumers can access their funds using the Kotak ATMs installed in the chosen communities. Four hamlet clusters have been located thus far, and ATMs have been installed there.

The Bank introduced a co-branded debit card called the Kotak PVR Debit Card in collaboration with PVR.Kotak.biz, a special app for retailers, has recently been released. This makes it possible for businesses to accept Card, Bharat QR, and UPI payments using their own mobile devices.