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
