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Q3FY23 Live Updates: Kotak Bank, UltraTech Cement announce December quarter earnings: Check Profit, Revenue and other details – Zee Business

Kotak Bank Q3: Asset Quality

Recoveries and upgrades during the quarter: Rs 874 cr

SMA2 as of 31st Dec, 2022: Rs 191 cr 

No sale of any loans during the period

Standard Restructured FB o/s under various frameworks: COVID: Rs 281 cr; MSME: Rs 484 cr [0.25% of Advances]

Total provisions held: Rs 6,570 cr

COVID-19 provision of Rs 400 cr (Rs 38 cr reversed in Q3FY23)

Restructuring provision of Rs 185 cr, maintaining higher than regulatory requirement