Table of Contents
Kotak Bank Business Overview
Kotak Mahindra Bank is a diversified financial services group providing a wide range of banking and financial services including Retail Banking, Treasury and Corporate Banking, Investment Banking, Stock Broking, Vehicle Finance, Advisory Services, Asset Management, Life Insurance, and General Insurance.
Kotak Bank Key Highlights
➢Market Share
The company ranks 4th in both deposit and gross advances market share. Its securities broking business held an 11.8% market share in FY24, while the asset management business had a 6.5% market share.
➢Key Ratios
Capital Adequacy Ratio – ~20% in FY24 vs 22.7% in FY22
NIM – ~5.3% in FY24% vs 4.6% in FY22
Gross NPA – 1.39% in FY24 vs 2.34% in FY22
CASA Ratio – 45.5% in FY24 vs 60.7% in FY22
➢ Branch Network
As of FY24, the bank operates 1,900+ branches, 3,200+ ATMs, and 11 currency chests in India vs ~1,700 branches and ~2,700 ATMs in FY23.
West: 31%North: 31%South: 30%East: 8%
➢Customer Base
As of FY24, the bank has a customer base of 5 Cr customers vs 3.27 Cr customers in FY22.
➢ International Footprints
The Bank has a global presence through its subsidiaries in the UK, USA, Gulf Region, Singapore, and Mauritius. It opened its first international branch in 2019 in Dubai.
Kotak Bank Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 33,741 | 42,151 | 56,237 |
| Expense | 30,699 | 33,485 | 47,052 |
| FM (%) | -25% | -14% | -24% |
| Net income | 12,089 | 14,925 | 18,213 |
| EPS | 60.91 | 75.13 | 91.62 |
Kotak Bank Financial Ratios
| ROCE | PE Ratio | ROE | PEG Ratio |
| 7.86 % | 19.5 | 15.1 % | 0.95 |
| Book Value | ROA | Debt to equity | Piotroski score |
| ₹ 654 | 2.62 % | 4.00 | 5.00 |
Kotak Bank Shareholding Pattern
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| Promoters | 25.98% | 25.95% | 25.90% |
| FIIs | 40.86% | 39.42% | 37.59% |
| DIIs | 16.60% | 21.31% | 23.40% |
| Public | 16.56% | 13.30% | 13.11% |
Kotak Bank Price Chart
Kotak Bank Peer comparison
| PE ratio | ROCE % | OPM % | |
| Kotak Bank | 19.5 | 7.86 % | 15.88 |
| HDFC Bank | 18.33 | 7.67 | 33.60 |
| ICICI Bank | 18.33 | 7.60 | 34.44 |
| Axis Bank | 13.72 | 7.06 | 62.96 |
| Kotak Bank | 19.00 | 7.86 | 15.88 |
| IndusInd Bank | 12.41 | 7.93 | 60.48 |
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