'Kotak Mahindra Bank
conducted a conference call on 18 January 2025 to discuss its financial results
for the quarter ended December 2024. Ashok Vaswani, MD&CEO of the bank
addressed the call:
Highlights:
The bank got RBI order in
April 2024 on restriction on credit card and digital customer acquisition.
Since then, the bank has been closely working with the central bank. It has
made significant progress on the core banking, business continuity, cyber
security and digital payment framework.
The bank has completed all
its work with regard to RBI restrictions and communicated to the RBI, while the
RBI is evaluating the progress.
With regard to business, the
personal loan trends are improving. The stress in the microfinance loan book is
plateauing and the bank expects to see stress decline in the next one-two quarters.
There is a heightened
volatility in the macroeconomic environment.
The bank aims ...
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