Kotak Mahindra Bank Limited · NSE:KOTAKBANK
Kotak Mahindra Bank — Q3 FY23 Earnings Presentation
29 slides from Kotak Mahindra Bank's earnings presentation, Jan 21, 2023
Slide 1: Exchange filing cover letter
January 21, 2023 BSE Limited National Stock Exchange of India Limited Corporate Relationship, Exchange Plaza, Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Bandra (East), Mumbai 400 001 Mumbai 400 051 BSE Scrip Code: 500247, 958687, 974396 NSE Symbol: KOTAKBAN
Slide 2: Q3FY23 Presentation on financial results
Q3FY23 Presentation on financial results for the period ended 31st December, 2022 21st January, 2023
Slide 3: Consolidated Highlights Q3FY23
Consolidated Highlights Q3FY23 PAT ROA ROE ₹ 3,403 cr 2.60% 14.81% Book Value per Eq. Customer Assets* CAR# CET I# Share ₹ 309,042 cr 24.5% 23.6% ₹ 467 Figures in grey are Q3FY22 numbers # As per Basel III, including unaudited profits. Excluding profits CAR: 21.0%, CET I: 20.1% (31st Dec, 2021: CAR:
Slide 4: Consolidated PAT
Consolidated PAT ₹ cr Q3FY23 Q3FY22 Q2FY23 FY22 Bank & Subsidiaries Contribution Kotak Mahindra Bank 2,792 2,131 2,581 8,573 Insurance, 8% Capital Market, 7% Kotak Mahindra Prime 225 254 222 886 Kotak Mahindra Investments 86 111 78 371 Assets Mgmt & Others, 5% Kotak Securities 241 270 224 1,001 Kota
Slide 5: Entity-wise Capital & Reserves and Surplus
Entity-wise Capital & Reserves and Surplus ₹ cr 31-Dec-22 31-Dec-21 30-Sep-22 Kotak Mahindra Bank 79,936 69,617 77,076 Kotak Mahindra Prime 8,081 7,182 7,856 Kotak Mahindra Investments 2,715 2,388 2,629 Kotak Securities 6,926 6,039 6,685 Kotak Mahindra Capital 952 873 924 Kotak Mahindra Life Ins 5,1
Slide 6: Standalone Highlights Q3FY23
Standalone Highlights Q3FY23 PAT NII NIM CASA Ratio ₹ 2,131 cr ₹ 4,334 cr 4.62% 59.9% Customer Assets& Net NPA Capital & Reserves CAR# CET I# ₹ 274,569 cr 0.79% ₹ 69,617 cr 23.3% 22.2% Figures in grey are Q3FY22 numbers # As per Basel III, including unaudited profits. Excluding profits CAR: 19.7%, C
Slide 7: Profit and Loss Account
Profit and Loss Account ₹ cr Q3FY23 Q3FY22 Q2FY23 FY22 Notes for Q3FY23 Net Interest Income 5,653 4,334 5,099 16,818 Trading and MTM hit* Q3FY23: ₹ 51 cr; Other Income 2,100 1,364 1,955 6,354 (Q3FY22: ₹ 477 cr, Q2FY23: ₹ 63 cr, FY22: ₹ 1,163 cr) Fee and Services 1,847 1,496 1,760 5,781 Others 253 (1
Slide 8: Asset Quality
Asset Quality ₹ cr 31-Dec-22 31-Dec-21 30-Sep-22 GNPA 5,995 6,983 6,210 NNPA 1,345 2,004 1,630 ₹ 748 cr (0.2% of Advances), GNPA (%) 1.90% 2.71% 2.08% 27 bps (incl std prov; excl (₹ 983 cr Q2FY23), reversal of COVID & NNPA (%) 0.43% 0.79% 0.55% restructuring) Of ₹ 748 cr, ₹ 171 cr got (Q2FY23: 26 bp
Slide 9: Balance Sheet
Balance Sheet ₹cr 31-Dec-22 31-Dec-21 30-Sep-22 ₹cr 31-Dec-22 31-Dec-21 30-Sep-22 Capital & Reserves and Surplus 79,936 69,617 77,076 Cash, Bank and Call 26,136 46,152 31,510 Deposits 344,666 305,286 325,203 Investments 112,219 105,844 98,862 CA 63,601 57,097 60,162 Fixed rate SA 114,072 117,011 114
Slide 10: Customer Assets
Customer Assets ₹ cr 31-Dec-22 31-Dec-21 30-Sep-22 YoY QoQ Composition of Advances 31-Dec-22 Home Loans & LAP 89,112 68,871 85,843 29% 4% Floating 69% Consumer Bank WC (Secured) 28,940 24,053 28,181 20% 3% EBLR (repo-linked) 55% PL, BL and Consumer Durables 14,542 8,580 13,197 69% 10% MCLR/Base rate
Slide 11: Deposit
Deposit Avg Q3FY23 YoY % Q3FY22 CASA (₹ cr) 10% Current Account 56,372 51,390 CASA % 53.3% 59.9% 56.2% -1% Fixed rate SA 112,145 113,276 5,906 8,811 8,097 22% Term Deposit 151,470 124,440 1,14,072 1,14,351 1,17,011 CASA & TDs Customers as on 63,601 57,097 60,162 Cost of SA below ₹5 cr, as % 31st Dec
Slide 12: Digital Highlights
Digital Highlights Adoption & Cross-sell Payments API Banking Journeys 90% RDs and 79% FDs booked DIY Journey for New to Bank Credit Card digitally customers with real-time checks, Video 1.9X YoY UPI transactions within 32 new partners made live in Q3FY23 KYC, Instant card generation Mobile App 94%
Slide 13: Digital Channels
Digital Channels Kotak Mobile Banking App SuperApp for all financial needs Keya Chatbot Key launches in the app in Q3 SRs / Enquiries live FAQ’s Handled 1 2 3 Revamped UPI Collect DIY onboarding YoY queries handled successfully deposits request on journeys for Non journey Home page customer WhatsApp
Slide 14: Digital Updates
Digital Updates Kotak One POS with Merchant One Account Kotak Biz Connect All In One Current Account for MSMEs Overdraft Helps MSMEs store owners to Current Facility Account collect payments in all modes, generate bill, create customer database, give offers, track payment, manage inventories, kotak.
Slide 15: Kotak Securities
Kotak Securities Market ADV* (₹ ‘000 cr) ₹ cr Q3FY23 Q3FY22 Q2FY23 FY22 7,732 3,875 6,474 3,552 Total Income 646 656 631 2,502 42 43 51 51 79 84 Profit Before Tax 319 359 298 1,334 92 89 Profit After Tax 241 270 224 1,001 7,611 6,347 3,731 3,412 Market Share Cash* (%) 10.1 10.4 11.2 10.6 Overall Mar
Slide 16: Kotak Mahindra AMC & Trustee Co.
Kotak Mahindra AMC & Trustee Co. ₹ cr Q3FY23 Q3FY22 Q2FY23 FY22 Average Assets Under Management (₹ cr) - Overall Profit Before Tax 192 192 143 601 Profit After Tax 150 149 106 454 2,88,669 2,87,106 2,84,149 2,72,938 Notes Q3FY23 Q3FY22 Q2FY23 FY22 Investment profit (pre tax) Equity(Ex ETF & Arb) ₹ 3
Slide 17: Assets Under Management
Assets Under Management Total: ₹ 405,269 cr 5% Total: ₹ 386,465 cr Domestic MF Equity, Domestic MF Equity, Domestic MF Debt, 1,42,333 Domestic MF Debt, 1,58,866 1,40,477 1,24,037 40% 36% 37% 31% PMS & Others, Offshore PMS & Others, Offshore Funds, 4,327 Funds, 29,260 3,673 30,762 1% 7% 1% 8% Alterna
Slide 18: Kotak Mahindra Prime
Kotak Mahindra Prime ₹ cr Q3FY23 Q3FY22 Q2FY23 FY22 Customer assets* (₹ cr) NII 420 375 421 1,457 Other Income 105 119 83 331 21,431 17,278 20,400 NII and Other Income 525 494 504 1,789 Profit Before Tax 302 337 298 1,180 5,552 7,063 5,557 Profit After Tax 225 254 222 886 Dec-22 Dec-21 Sep-22 NNPA (
Slide 19: Kotak Mahindra Life Insurance
Kotak Mahindra Life Insurance ₹ cr Q3FY23 Q3FY22 Q2FY23 FY22 Gross written premium (₹ cr) 3,623 3,108 3,250 13,015 Capital 562 562 562 562 Other Reserves and Surplus 4,560 3,560 4,230 3,827 1,754 1,525 1,540 6,461 Total Premium 3,623 3,108 3,250 13,015 963 779 920 3,253 333 317 321 1,320 Profit Afte
Slide 20: Geographical presence
Geographical presence Branches distributed across various geographies Himachal Pradesh 12 Jammu & Kashmir 03 Punjab 95 Meghalaya 01 Uttarakhand 11 Haryana 80 Assam 05 Sikkim 01 Delhi 103 Uttar Pradesh 105 Branches Branch No. of ATMs# Rajasthan 75 1,752* [No. / %] Classification Bihar 24 Tripura 01 M
Slide 21: Group Profile
GROUP PROFILE 20
Slide 22: The Journey So far…
The Journey So far… Ability to Identify and Capitalize on Opportunities 2003 Bill Discount Auto Finance Investment IPO Mutual Funds Life Insurance* Securities BANK Banking Cherry Kotak Fyn Digital Video First Microfinance ING Vysya Merger ARC Alternate KYC International Assets Digital Bank - 811 Gen
Slide 23: Kotak - Diversified and integrated financial services
Kotak - Diversified and integrated financial services Commercial Bank & Parent Company Car Finance | Other Lending Advisory Services for Middle East Investments | Lending Advisory Services | Investments Alternate Assets Distribution Investment Banking Asset Management Stock Broking | Commodity Broki
Slide 24: Present Across the Entire Value Chain
Present Across the Entire Value Chain Deposits across all customer segments Wholesale Banking Commercial Banking Corporate & Institutional • Corporate Loans • Agriculture Finance • Trade Finance • Tractor Finance Very Large • Investment Banking • Business Banking • Commercial Vehicles • Commercial R
Slide 25: Our Strengths
Our Strengths An integrated financial Healthy asset Digital & Ability to identify Strong brand Strong governance services conglomerate quality & prudent technological and capitalize on and leadership culture and an with a diversified risk management capabilities opportunities across businesses exper
Slide 26: Our Strategy
Our Strategy Keep customer at the core of the Investing in technology (both infrastructure Continue journey on best in class digital business in order to provide and applications), with a dual objective – processes and interface at speed a positive experience and build ‘run the Bank’ and ‘change the
Slide 27: The Path of Leadership
The Path of Leadership Strong Capital Position Multiple Growth Engines Risks Management Attract & Retain Talent Cross Sell Opportunities Capital adequacy amongst A stable annuity flow driven Extensive on-the-ground High degree of stability Robust bank platform and the highest in the Indian business
Slide 28: Strong and Committed Leadership Team
Strong and Committed Leadership Team Senior Leadership Team with Long Vintage Dipak Gupta KVS Manian WTD Shanti Ekambaram Virat Diwanji Jaimin Bhatt Paul Parambi 31 Years 28 Years 32 Years 19 Years 28 Years 31 Years Joint Managing Whole-time Director Whole-time Director Consumer Banking Group CFO Ch
Slide 29: Disclaimer
Disclaimer This presentation is for information purposes only and Equity does not constitute an offer, solicitation or advertisement with respect to the purchase or sale of any security of Kotak Mahindra Bank Limited (the “Bank”) and no part of it shall form the basis of or be relied upon in connect