>KOTAK MAHINDRA BANK: Good Quality But Valuations Rich

■ Kotak bank continues focusing more on transaction banking and working capital loans as opposed to project loans or big concentrated bets. It expects loan growth to be around 25% in FY13


■ The bank is optimistic on its CASA acquisition strategies. It intends to increase CASA base but refrained from assigning any number as it has been only 2 months.


■ Fee income on a normalized basis can be expected to follow balance sheet growth.


■ Bank plans to increase branch network from 330 (Dec ‘11) to 500 branches by Calendar 2013.


■ Asset quality continues to hold up. Bank does not expect major slippages and restructuring coming forward.


RISH TRADER