Tag Archives: asset quality

Kotak Mahindra Bank maintained its conservative approach amid a pandemic, choosing to reduce its loan book to avoid risk in the September quarter. The private sector lender’s loan portfolio contracted a deeper 4% year-on-year in the September quarter, compared with a 1.9% drop in the June quarter. The downsizing pattern …

The September quarter performance of consumer lender Bajaj Finance showed that recovery from the COVID-19 pandemic could be slow and protracted. The net profit of the non-bank finance company fell 36% from the previous year period, as it had to reserve ₹Rs 1,634 crore towards asset quality risks. See full …