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This document contains the following reports –



        Analyst Presentation / Earnings Update

        Press Table
JULY 21 2011
         1
2
Geographical Presence
    Wide National Footprint …                .. With Multiple Points of Presence


                                Business                            Branches (Jun, 11)
                                Banking                                              323
                                Car Finance                                           57
                                Life Insurance                                       202
                                Securities                                         1,442
                                Mutual Fund                                           84
                                Total                                              2,108

                                ~~International offices situated in London, New
                                   International offices situated in London, New
                                  York, California, Dubai, Abu Dhabi, Bahrain,
                                   York, California, Dubai, Abu Dhabi, Bahrain,
                                             Mauritius & Singapore
                                              Mauritius & Singapore




                                                                                      3
Group Structure




Note:
•All companies are fully owned subsidiaries excepting KM Old Mutual which is held
74%


                                                                                    4
FINANCIAL SUMMARY
Consolidated Highlights (Q1 FY12)
   PAT                     Loans                    Net                        NIM
   416 `cr
  (328 `cr)
                           44,699 `cr
                          (32,978 `cr)
                                                   NPA **                      5.0%

 Up 27% yoy               Up 36% yoy              0.41% (0.95%)                (5.4%)



                CAR                      Tier 1 *                 AUM
             18.4% (16.9%)              16.9% (15.1%)             51,661 `cr
            (as per Basel II)          (as per Basel II)
                                                              (47,979 `cr)


                                          CASA
                                   8,254 `cr (6,657 `cr)
                                   27% of total deposits

   * Excluding unaudited profits
   ** Excluding acquired stressed assets
   • Figures in brackets are Q1FY11 numbers
Consolidated Revenues
` cr                                                    FY11    Q4 FY11   Q1 FY11   Q1 FY12


Financing Activities                                    4,551    1,304       950     1,445

Fee Income *                                            1,452      383       363       324

Premium Income                                          2,940    1,063       546       500

Treasury – Others **                                    1,530      429       314       427


Others                                                   239        76        58        83


Total Revenues                                         10,712    3,255     2,231     2,780


       * Fee income is net of sub brokerage
       ** Excluding treasury (policyholders’) income

                                                                                              7
Consolidated Advances & Investments
` cr                                               FY11     Jun10    Jun11

Commercial Vehicles & Construction Equipments      6,251    4,402    6,771

Agriculture Finance                                4,220    2,925    4,356

Auto Loans                                         8,550    7,064    8,978

Mortgage Loans                                     6,877    5,299    7,077

Personal Loans                                     1,307    1,193    1,360

Corporate Banking                                 10,916    9,325   12,630

Others                                             3,121    2,770    3,527

Total Advances                                    41,242   32,978   44,699

Investments / Treasury Assets *                   18,279   16,374   19,422

Total Advances & Investments                      59,521   49,352   64,121

 * Does not include policy holders’ investments

                                                                             8
Consolidated PAT
` cr                                           FY11    Q4 FY11   Q1 FY11   Q1 FY12
Kotak Mahindra Bank                             818       249       187       252

Kotak Mahindra Prime                            318        87        76        94

Kotak Securities                                182        36        47        23

Kotak Mahindra Capital Company                   52        30         7         1

Kotak Mahindra Old Mutual Life Insurance        101        71        (7)       46

Kotak Mahindra AMC & Trustee Co                  17         4         9         9

International subsidiaries                       51        15        16        (3)

Kotak Investment Advisors                        33         6        11        11

Kotak Mahindra Investments                       24         5         7         3

Total                                          1,596      503       353       436

Minority Interest, Equity Affiliates, Others    (29)      (12)      (25)      (20)

Consolidated PAT                               1,567      491       328       416

                                                                                     9
Consolidated PAT – Quarterly Trend
         600

         500
                                                                                                         416
         400
                                                                                     328
(`cr )




         300                                                      257

         200                     146                150
               104
         100

           -
                     2007              2008               2009          2010               2011                2012


                            Q1                        Q2                       Q3                         Q4



  ` cr                                    2007             2008    2009             2010          2011            2012

   Q1                                         104          146      150             257           328             416

   Q2                                          94          242      161             300           364

   Q3                                         170          364      131             331           384

   Q4                                         170          240      211             419           491
                                                                                                                         10
Consolidated Profit (PBT) Mix
`cr   1,883          2,273                711                 504              619


                          6%               4%                                   4%
      14%                 4%                                  9%                7%
                                           10%
      4%                                                                        6%
                      15%                                     15%
                                           14%
      23%




                                                                                83%
                      75%                  72%                77%
      59%




                                                           -1%
      FY10            FY11               Q4FY11           Q1FY11              Q1FY12


              Financing        Capital Market     Insurance        Asset Management

                                                                                       11
Consolidated Key Financials
` cr                  FY11    Q1 FY11   Q1 FY12


Deposit             27,313    22,288    29,397

Borrowings          22,073    19,241    24,620


Advances            41,242    32,978    44,699


Total Assets        73,681    61,776    78,542


Networth            10,963     8,264    11,406


AUM                 47,850    47,979    51,661




                                                  12
Consolidated Key Ratios
                                                           FY11    Q1 FY11    Q1 FY12

Return on average assets (%, not annualised)                2.39      0.56       0.55

Book value per share (`)                                   148.8     118.5      154.6

NIM (% - YTD annualised) @                                   5.2       5.4        5.0

Group CAR (%) – $ excl. unaudited profits                   19.5     16.9 $     18.4 $

Tier I(%) - $ excl. unaudited profits                       18.1     15.1 $     16.9 $

RoE (%), annualised                                         16.4      16.2       14.9

Gross NPA (` cr) excl. acquired stressed assets             469        671        479

Gross NPA (%) excl. acquired stressed assets                 1.1       2.0        1.1

Net NPA (` cr) excl. acquired stressed assets               178        313        184

Net NPA (%) excl. acquired stressed assets                   0.4       1.0        0.4


@ NIM for previous periods restated for processing fees.
                                                                                         13
BUSINESS OVERVIEW




                    14
Financing Business
                                                Advances                                                                                             Net Interest Income

                                                                                                             44,699                        3,000
                                                      41,242
          40,000                                                                                                                           2,500
                                                                                  32,978
                                  29,724                                                                                                   2,000
                                                                                                                                                   2,233
          30,000




                                                                                                                                   (`cr)
                                                                                                                                           1,500
 (` cr)




                                                                                                                                                           2,680
          20,000
                                                                                                                                           1,000


          10,000                                                                                                                            500
                                                                                                                                                                      725      614      742

                                                                                                                                             -
                     -                                                                                                                             FY10    FY11      Q4FY11   Q1FY11   Q1FY12
                                   FY10                FY11                   Q1FY11                         Q1FY12                                                     NII


                                                     Net NPA                                                                                                   PAT
  2.5%                                                                                                                                     1,200           1,160
                           2.1%

  2.0%                                                                                                                                     1,000
                                    1.7%
                                              1.5%
                                                                                                                                                   762
  1.5%                                                                                                                                      800
              1.2%
                                                           1.1%

  1.0%                                                                     1.0%
                                                                                                                                 (` cr)     600
                                                                                      0.7%

  0.5%                                                                                                0.5%       0.4%                       400                       341               349
                                                                                                                                                                               270
                                                                                                                        0.4%
  0.0%                                                                                                                                      200
          Mar-09


                         Jun-09


                                   Sep-09


                                            Dec-09


                                                       Mar-10


                                                                  Jun-10


                                                                                  Sep-10


                                                                                             Dec-10


                                                                                                             Mar-11


                                                                                                                        Jun-11




                                                                                                                                             -
                                                                                                                                                   FY10    FY11      Q4FY11   Q1FY11   Q1FY12
                   NNPA % is excl acquired stressed assets portfolio
                                                                                                                                                                                                15
Consumer Banking - Liabilities
                                                              Number of Branches & ATMs
500 Branches in CY13                        350                  710                           725           800


                                             300                                 552                          700


Increased cross sell of                     250
                                                   492                                                        600

asset products                                                                                                500
                                                                  321




                                  Branches
                                             200





                                                                                                                      ATM s
                                                                                                323           400
                                             150
Added close to 1 lac.                             249
                                                                                 262                          300

customer accounts                            100
                                                                                                              200

                                              50                                                              100

Focus on affluent                             -                                                              0

segment                                            FY10           FY11          Q1FY11         Q1FY12


                           CASA deposits*` cr        7,463              8,791          6,657            8,254


                             CASA % *` cr                31              30              28              27




                                                                                                                  * Excl IPO float

                                                                                                                                     16
Consumer Financing
                                              Advances break up
Continue focus on                       3%              3%             3%            3%
Auto Sector                      10%           8%              8%             7%




Focus on SENP                   37%           39%             38%            40%




Mortgage – healthy
growth over the years;
present in 14 cities
                                 50%           50%             51%            50%


Unsecured loans
degrown in last 3 yrs;
see opportunities in             FY10          FY11           Q1FY11         Q1FY12
select segments
                                 Car          Mortgage           PL          Others

                         ` cr   13,074        17,170           13,960        17,873




                                                                                           17
Commercial Financing
                                                 Advances break up
Renewed growth in
CE/CV                                             5%                4%               7%
                                 18%
                                                 15%               19%               13%

Consistent growth in
                                 34%
Agri                                             32%               31%               31%



Priority sector target
met consistently                 48%             48%               46%               49%



Limited exposure to
MFI, 0.08% of consol             FY10            FY11            Q1FY11             Q1FY12
advances                                CE/CV   Agri      Capital Market   Others

                          ` cr    9,168          12,988           9,543             13,982




                                                                                             18
Wholesale Financing
                                              Funded & Non funded `cr
Leverage on Group
relationships                                                                      12,630

                                             10,916

Continued focus on                                           9,325
Trade Finance &            7,325
Transaction Banking                                   6,490                                 6,786



                                                                      3,591
Continue strong                   3,232

presence in debt capital
markets
Deepen franchise of          FY10                  FY11        Q1FY11               Q1FY12
large corporates & widen
                                           Funded                     Non Funded
middle markets




                                                                                                    19
Bank – Profit and Loss
` Cr                    FY11    Q4FY11   Q1FY11   Q1FY12
Net Interest Income     2,097      565      483      568
Other Income             781       248      162      229
Net Total Income        2,878      813      645      797
Employee Cost            751       218      166      206
Other Operating          802
Expenses                           227      164      204
Operating Expenditure   1,553      445      330      410
Operating Profit        1,325      368      315      386
Provisions &
                         137       (7)       56       22
Contingencies
PBT                     1,188      375      259      364
Provision for Tax        370       126       72      112
PAT                      818       249      187      252


                                                           20
Bank Segment Performance
Segmental PBT (`cr)                  FY11    Q4 FY11   Q1 FY11   Q1 FY12

Corporate/Wholesale Banking           544       170       105       238

Retail Banking                        339        99        68       135

 Treasury & BMU*                      305       106        86        (9)


 Total                               1,188      375       259       364




   * Balance Sheet Management Unit




                                                                           21
Bank Advances & Investments
` cr                                                   FY11    Q1 FY11   Q1FY12
Commercial Vehicles & Construction Equipments          6,251     4,402     6,771
Agriculture Finance                                    4,220     2,925     4,356
Mortgage Loans                                         6,877     5,247     7,077
Personal Loans                                         1,305     1,170     1,359
Corporate Banking                                      9,417     8,500    11,214
Others                                                 1,259      945      1,562
Total Advances                                        29,329    23,189   32,339
         Advances – as per segmental classification
Retail                                                17,672    13,604    17,906
Corporate                                             11,657     9,585    14,433
Total Advances                                        29,329    23,189   32,339
Investment / Treasury Assets                          17,121    15,613    17,925
Total Advances and Investments                        46,451    38,802   50,264


                                                                                   22
Bank Balance Sheet
Liabilities ` cr                     FY11   Q1 FY11   Q1 FY12
Net Worth                           6,796    4,693     7,077

Deposits                           29,261   24,058    31,047

        CA                          5,460    3,953     4,947

        SA                          3,331    2,704     3,307

        Term Deposit               15,388   12,537    16,819

        Certificate of Deposit      5,082    4,864     5,974

Borrowings                         11,724   11,126    13,863

Other Liabilities and Provisions    3,070    3,068     3,086

Total                              50,851   42,945    55,073

Assets ` cr
Cash, Bank and Call                 2,471    2,116     2,842

Investments                        17,121   15,613    17,925

        Government Securities      13,198   12,977    14,331

        Other Securities            3,923    2,636     3,594

Advances                           29,329   23,188    32,339

Fixed Assets & other Assets         1,928    2,028     1,967

Total                              50,851   42,945    55,073    23
Bank Key Ratios
` cr                                               FY11   Q1 FY11   Q1 FY12

CAR % – $                                          19.9     16.8$     18.2$

Tier I (%) – $                                     18.0     14.2$     16.1$

Gross NPA (` cr) *                                 362       514       377

Gross NPA (%) *                                     1.2      2.2       1.2

Net NPA (` cr) *                                   146       228       157

Net NPA (%) *                                       0.5      1.0       0.5

RoA (% - not annualised)                            1.8      0.5       0.5



  $ excl. unaudited profits
  * Excluding acquired stressed assets portfolio
                                                                              24
Kotak Mahindra Prime
` cr                                            FY11    Q4 FY11        Q1 FY11         Q1 FY12
 Total Income                                   1,365      365            300             396

 Profit before tax                               482       129            115             141

 Profit after tax                                 318        87            76              93


` cr                                                         FY11         Q1 FY11      Q1 FY12
 Total Advances                                             11,145          9,053       11,569
        Car Advances                                         8,489          7,000        8,938
 Net NPA$                                                         31             84        26
 Car Business Net NPA                                            0.3             0.3       0.2
 CAR (%)                                                      15.5           12.7         16.0
 ROA (%) (Not annualised)                                        3.1             0.8       0.8


$excluding acquired stressed assets portfolio



                                                                                                 25
Life Insurance
 Capital efficiency among                                 Gross Premium `cr
 the highest in the industry


 Adjusting with the new                                       Renewal

 product mix;                                                  Group
                                     1,534         1,722
                                                                                     330
                                                               Single                             346

 FY12 as another year of      221           288
                                                               Individual
 consolidation;                188           280               Regular
                                                                               62
                                                                                             60
                                                                               17
 conservatism has helped so           925
                                                   685                               925     40
 far                                                                                               65
                                     FY10          FY11
                                                                                    Q1FY11    Q1FY12


                                 2,858              2,976                            558                511

                                                                        FY11               Q1 FY11            Q1 FY12
Capital (` cr)                                                          562                   562                562
Solvency ratio                                                          2.67                 2.69               2.85

Gross Premium                                                       2,976                     558                511

        Renewal                                                     1,722                     330                346

        Individual Regular                                              685                   149                 65

        Group                                                           288                       62              60

        Single                                                          280                       17              40    26
Life Insurance
                                    Sum Assured                                                                AUM
                                                                                            9,000              8,270             8,692
                                                                       138
                                           129
                                                                                            7,500                       6,797
                                                                                                       6,461
             120
                                                            103
                                                                                            6,000
                             92
(`cr '000)




                                                                                   (`cr)
                   80                                                                       4,500

                                                                                            3,000
                   40
                                                                                            1,500

                                                                                                  -
               -
                                                                                                       FY10    FY11    Q1FY11   Q1FY12
                             FY10          FY11            Q1FY11     Q1FY12


                               Number of Branches                                                              PAT
                     250
                             214                   214
                                     202                      202                          110                 101
                     200

                                                                                                      69
                     150                                                                    70
                                                                               (` Cr)
             (No.)




                                                                                                                                    46
                     100
                                                                                            30
                        50

                                                                                           (10)
                         0                                                                                               (7)
                                                                                                      FY10     FY11    Q1FY11    Q1FY12
                             FY10   FY11          Q1FY11     Q1FY12

                                                                                                                                          27
Kotak Securities
               Market ADV ( ` 000 cr)                                                       ADV ` cr (KS)

                                                                         4,800     4,648
                                                                         4,600
                      78                                                 4,400
                                                         89
        35                             56                                4,200
                                                                                                    3,925
                                                                         4,000




                                                                 (`cr)
                                                                         3,800
        38                                                                                                    3,582
                      39               37                                3,600
                                                         30
                                                                         3,400
        23            19               18                14              3,200
       FY10          FY11            Q1FY11            Q1FY12            3,000
              Cash          Future            Option                               Mar-11           Jun-10    Jun-11

` cr                                                            FY11             Q4 FY11           Q1 FY11     Q1 FY12
Total income                                                    738                 169                174            145
Profit before tax                                               272                  56                 67             36
Profit after tax                                                182                  36                 47             23
 Market share (%)                                               3.4                  2.9                3.7            2.7


Kotak Securities services > 680,000 secondary market customers thru 1,442 branches & franchises.

                                                                                                                         28
Kotak Mahindra Capital
       Client                                  Transaction                              Size (USD mn)
                     Initial Public Offering                                                     204
                     Initial Public Offering                                                     169
                     Growth equity investment by KKR & IFC                                           97

                     Pre-IPO Placement to Avigo & Sabre                                              30

                     Joint Venture between Kokuyo and Camlin Limited                                 91
                     Open offer for Kemrock Industries and Exports Limited by
                                                                                                     45
                     RPM International Inc.
                     SBS Holdings Inc acquisition of 80% stake in Atlas Logistics
                                                                                                     ND
                     Ltd

                     Business Restructuring                                                          ND

 `cr                                            FY11         Q4 FY11      Q1 FY11          Q1 FY12
 Total income                                   154              60            34              23
 Profit before tax                               70              40            10               2
 Profit after tax                                52              30                 7           1     29
Asset Management
               ` 47,979 cr                                      ` 51,661cr


                    Q1 FY11                                      Q1 FY12
                          PMS 5%
              Insurance                                               PMS
                 14%                                                   3%
                                   Domestic MF      Insurance
                                                                                Domestic
                                      Debt             16%
                                                                                MF Debt
                                      45%
                                                                                  50%
   Offshore                                      Offshore
  Funds 15%                                       Funds
                                                   14%

          Alternate
          Asset 11%                               Alternate
                               Domestic MF          Asset
                                Equity 10%                              Domestic
                                                     10%
                                                                        MF Equity
                                                                           7%




                                                                                           30
Mutual Fund
                               Average Assets Under Management `cr
Close to 9.8 lac folios


Regulatory challenges


84 Branches                    34,880               34,482          34,167
                                           30,472




                                 FY10      FY11     QTDJUN10        QTDJUN11


 ` cr                          FY11      Q4 FY11      Q1 FY11             Q1 FY12
 Total income                  119            33               40               37
 Profit before tax              25             5               13               13
 Profit after tax               17             4                9                9

 Average AUM (` bn)            305           323              345              342
 Average AUM - Equity (` bn)    44            38               47               37
        AMC & Trustee Co                                                             31
Kotak Investment Advisors
                    Realty Funds                      Private Equity Funds


 Corpus advised //managed ––
    Corpus advised managed                    Corpus advised //managed ––
                                                 Corpus advised managed
     ``2,894cr
        2,894cr                                   ``2,051 cr
                                                     2,051 cr



 Propose to launch $300 mn Infrastructure fund with SMBC and Brookfield
    Propose to launch $300 mn Infrastructure fund with SMBC and Brookfield


 KIREF IV Closing done on 14th July 2011 with Corpus Rs. 454 cr.
    KIREF IV Closing done on 14th July 2011 with Corpus Rs. 454 cr.


 ` cr                                     FY11       Q4FY11     Q1FY11       Q1FY12

 Total income                                96           26          25         25

 Profit before tax                           49           10          16         15

 Profit after tax                            33            6          11         11
                                                                                  32
International Subsidiaries
` cr                                                        FY11          Q4 FY11            Q1 FY11     Q1 FY12


Total income                                                139                  36                 32       21



Profit before tax                                             54                 15                 19       (5)



Profit after tax                                              51                 15                 16       (3)




       As on Jun 30, 2011 assets managed / advised by international subsidiaries were USD 1.7 bn.




                                                                                                                   33
Bank Awards & Recognition
                         Kotak Bank Annual Report 2010-11 was awarded Platinum - “Best among
                         Banking, APAC” and Gold in the “Most Creative Report, APAC” in the LACP
                         Vision Awards, USA


                         Awarded Bronze in the “Best Local Trade Bank in India” category of Trade
                         and Forfaiting Review Awards 2011

                         Awarded Hewitt Best Employers in India 2011 & 2009; only Bank to
                         be in top 25
                          Ranked #2 in India for companies with “Best Corporate Governance
                          Practices” – IR Global Rankings 2010
                          Ranked # 1 in 17 categories including range of investment products / advisory
  Award for Excellence
                          services by Euromoney
                          “The ingenious 100” Award by IDG India’s CIO Magazine for Storage
                          Virtualization & Ingenious Technology Solutions
                          Best Local Cash Management Bank Asia Money 2010

                          Best companies to work for 2010 & 2009 by Great places to work Institute India
                          Best Private Bank by Finance Asia Country                                   34
Awards & Recognition
                                    Lipper Fund Award 2011 for Kotak Bond Regular – ‘Best Fund
                                    over 10 years Bond Indian Rupee’
                                    Best Debt Fund House of the year 2009 Outlook Money NDTV
                                    Profit Awards 2009 & 2010


                                                                                                     Best Broker in India 2010
                                                                                                     Best Broker in India 2010



 2011:Best Investment Bank in India
         (Sixth year in a row)
                                                 2011: Best Domestic Equity House                    Best Local Brokerage 2010
                                                                                                     Best Local Brokerage 2010
      2011: Best Equity House                          (Fourth year in a row)
        (Second year in a row)




                                                                                                     Award for Excellence


  2010: Best Domestic Investment Bank           2010: Best Investment Bank in India   2010: Best Bank for Equity Finance in India
            (Fifth year in a row)                                                                    (Real Estate)

  2006: Best Equity House in India



                                                                                                                                    35
Talent…Professional Entrepreneurs at work
     C. Jayaram
        Joined Kotak in 1990; First charge | Vice President, Kotak Mahindra Finance
        Current charge | Joint Managing Director, Kotak Mahindra Bank
        On being a professional entrepreneur | When I joined Kotak, I didn’t really foresee that I would be running a business for
         the Group. As it turns out, I have been involved with building more than four businesses. Each one has presented its own
         set of challenges and opportunities. I can’t think of too many companies which offer their people this kind of a canvas.




                                                                                                                                      36
Talent…Professional Entrepreneurs at work
     Gaurang Shah
        Joined Kotak in 1996; First charge | Chief Operating Officer, Kotak Mahindra Primus;
        Current charge | Head of Asset Management businesses across the mutual fund, PMS and life insurance
        On being a professional entrepreneur | I came from a corporate finance background and joined Kotak’s Car Finance
         business. That was in 1996. I was totally new to retail finance. In 1999, I took over as Executive Director of Car Finance and
         by 2002, we had built one of India’s most profitable car finance companies. In 2002, I took over as head of Retail Assets
         and we added Home Loans, Subprime Lending in automobile financing and agricultural finance to our retail portfolio. In
         2004, I moved into Life Insurance with my knowledge of insurance restricted to a single policy that I owned.


     Jaimin Bhatt
        Joined Kotak in 1995; First charge | Proprietary Investments
        Current charge | Group CFO
        On being a professional entrepreneur | My initial work at Kotak was in the area of Proprietary Investments, where I
         worked with Narayan (S.A.). Around the time of the Ford JV, I was invited to be on the team structuring the JV and that
         was very exciting. I moved to the Investment Bank and handled M&A. I was involved in a number of exciting transactions.
         Thereafter my role grew into larger operational role at the Investment Bank and also included doing structuring work for
         the Group. What stands out for me is the freedom and sense of responsibility that one gets and this, in turn, instills a lot of
         self-confidence. As you grow and inculcate the same sense of self-confidence in those around you, it becomes a part of the
         culture.

     K.V.S. Manian
        Joined Kotak in 1995; First charge | Compliance, Kotak Mahindra Capital Company;
        Current charge | Group Head – Consumer Banking covering all liabilities and assets
        On being a professional entrepreneur | After two years in Investment Banking, I moved into Corporate Finance. I was
         instrumental in turning around and building the Retail Asset Finance Division (including the early stages of the Commercial
         Vehicle and Personal Loans Businesses). When the Group restructured its business in preparation for the conversion to a
         bank, I managed the team working on viability, decision making and structuring of the banking business as a project. I now
         oversee the Personal customer segment comprising of the Home Finance Division, the Consumer Services Group, Credit
         Cards and the Auto Finance Business, in addition to the Branch Banking and Retail Liabilities business. It’s been a diverse
         set of responsibilities and looking back, I realize that I had no prior experience in any of the functions.
                                                                                                                                           37
Talent…Professional Entrepreneurs at work
     Shanti Ekambaram
        Joined Kotak in 1991; First charge | Senior Manager – Bill Discounting;
        Current charge | Group Head – Corporate & Institutional Banking, Kotak Mahindra Bank
        On being a professional entrepreneur | I joined Kotak from a foreign bank. Since financial services was still a new area I
         was apprehensive but here was a company that seemed young and hungry. In the back of my mind, I knew I could always
         go back to a MNC if things didn’t work out. That was 16 years ago and I’m still here and raring to go. I have run the Bill
         Discounting business, serviced FIIs and started the M&A desk. When we entered into a strategic alliance with Goldman
         Sachs, I moved to look after that business and we dominated the GDR and private placement markets. I subsequently
         moved into the domestic Investment Banking business to develop corporate relationships, then head Fixed Income. In
         1998, I took over as the CEO of the Investment Bank and we went on to top the league tables. In 2003 when the bank
         project was launched I was given the opportunity to build the wholesale bank. I don’t think any MNC would give me so
         many opportunities for learning and growth.

     Mohan Shenoi
        Joined Kotak in 2002;
        Current charge | Treasurer, Kotak Mahindra Bank
        On being a professional entrepreneur | Very few in the banking industry have the experience of starting a new bank. I had
         this rare privilege of associating with two banks right from their inception. The first was ICICI Bank and the second is Kotak
         Mahindra Bank. I was instrumental in setting up and managing the treasury in both banks. At Kotak, Treasury is one of the
         important contributors to the revenues of the Bank. Over a 29-year banking career, I have worked in branch banking,
         credit, recoveries, strategic planning and retail banking (apart from treasury). The environment at Kotak allows me to
         leverage this diversity of experience to the fullest.

     Narayan S.A.
        Joined Kotak in 1992; First charge | Associate Vice President, Kotak Mahindra Finance (Operations);
        Current charge | Head – Commercial Business, Kotak Mahindra Bank, also oversees the retail brokerage
        On being a professional entrepreneur | In 1996, broking was largely seen as in institutional business. I believed that retail
         broking was an opportunity waiting to happen and took up the challenge of going retail. I always wanted to be an
         entrepreneur and Kotak gave me an opportunity to build a business that any entrepreneur would be proud of.


                                                                                                                                          38
Disclaimer
This presentation is for information purposes only and does not constitute an offer, solicitation or advertisement with respect to the
purchase or sale of any security of Kotak Mahindra Bank Limited (the “Bank”) and no part of it shall form the basis of or be relied upon in
connection with any contract or commitment whatsoever. No offering of securities of the Bank will be made except by means of a statutory
offering document containing detailed information about the Bank.


This presentation is not a complete description of the Bank. Certain statements in the presentation contain words or phrases that are
forward looking statements. All forward-looking statements are subject to risks, uncertainties and assumptions that could cause actual
results to differ materially from those contemplated by the relevant forward looking statement. Any opinion, estimate or projection herein
constitutes a judgment as of the date of this presentation, and there can be no assurance that future results or events will be consistent with
any such opinion, estimate or projection. The information in this presentation is subject to change without notice, its accuracy is not
guaranteed, it may be incomplete or condensed and it may not contain all material information concerning the Bank. We do not have any
obligation to, and do not intend to, update or otherwise revise any statements reflecting circumstances arising after the date of this
presentation or to reflect the occurrence of underlying events, even if the underlying assumptions do not come to fruition.


All information contained in this presentation has been prepared solely by the Bank. No information contained herein has been
independently verified by anyone else. No representation or warranty (express or implied) of any nature is made nor is any responsibility or
liability of any kind accepted with respect to the truthfulness, completeness or accuracy of any information, projection, representation or
warranty (expressed or implied) or omissions in this presentation. Neither the Bank nor anyone else accepts any liability whatsoever for any
loss, howsoever, arising from any use or reliance on this presentation or its contents or otherwise arising in connection therewith. This
presentation may not be used, reproduced, copied, distributed, shared, or disseminated in any other manner.
The distribution of this document in certain jurisdictions may be restricted by law and persons into whose possession this presentation
comes should inform themselves about, and observe, any such restrictions.
Contact
Jaimin Bhatt / R Sundarraman
Kotak Mahindra Bank Limited
Tel: +91 22 6672 6000, Fax: +91 22 6672 6430
E-mail: investor.relations@kotak.com
                                                                                                                                                  39
KOTAK MAHINDRA BANK LIMITED (CONSOLIDATED)
Registered Office: 36-38A, Nariman Bhavan, 227, Nariman Point, Mumbai 400 021

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE, 2011
                                                                                                                 ` lakhs
Sr                               Particulars                                      Quarter Ended           Year Ended
No                                                                           June-11         June-10       March-11
                                                                           (Unaudited)     (Unaudited)     (Audited)
1    Interest earned (a+b+c+d)                                               186,960.88     127,866.93      597,311.23
     (a) Interest/discount on advances/bills                                  143,191.55      94,929.51      454,252.54
     (b) Income on investments                                                 41,957.91      31,664.35      135,518.78
     (c) Interest on balances with RBI & other banks                              780.68         189.43        2,309.06
     (d) Others                                                                 1,030.74       1,083.64        5,230.85
2    Other income (a+b+c)                                                     84,003.82     105,000.73      502,431.75
     (a) Profit/(Loss) on sale of investments including revaluation
         (insurance business)                                                (7,058.80)       9,778.81        28,510.11
     (b) Premium on Insurance Business                                        50,027.53      54,622.64       293,990.87
     (c) Other income (see Notes 1 and 5)                                     41,035.09      40,599.28       179,930.77
3    Total income (1+2)                                                     270,964.70     232,867.66     1,099,742.98
4    Interest expended                                                        94,923.60      52,543.89       266,824.05
5    Operating expenses (a+b+c)                                             113,375.61     127,721.12       593,419.05
     (a) Payments to and provisions for employees                             38,481.48      35,188.48       152,234.49
     (b) Policy holders’ reserves, surrender expense and claims               37,253.95      56,115.56       280,861.43
     (c) Other operating expenses (see Note 2 and 5)                          37,640.18      36,417.08       160,323.13
6    Total expenditure (4+5) (excluding provisions and
     contingencies)                                                         208,299.21     180,265.01       860,243.10
7    Operating Profit (3-6) (Profit before provisions and
     contingencies)                                                          62,665.49       52,602.65      239,499.88
8    Provisions & contingencies (Other than tax)
     (see Note 3)                                                              2,416.20        5,529.04       14,759.97
 9   Exceptional items                                                                -               -                -
10   Profit from ordinary activities before tax (7-8-9)                      60,249.29       47,073.61      224,739.91
11   Tax expense                                                              18,312.66       15,105.84       67,816.41
12   Profit from Ordinary activities after tax before Minority
     Interest (10 – 11)                                                      41,936.63       31,967.77      156,923.50
13   Extraordinary items (net of tax expense)                                        -               -               -
14   Profit from ordinary activities after tax before Minority
     Interest (12 – 13)                                                      41,936.63       31,967.77      156,923.50
15   Less: Share of Minority Interest                                          1,203.44        (179.66)        2,635.26
16   Add: Share in Profit of associates                                          876.91          621.91        2,386.23
17   Profit after Tax (14-15+16)                                             41,610.10       32,769.34      156,674.47
18   Paid Up Equity Capital - (Face Value of ` 5 per share) (see Note 6)      36,890.52       34,859.44       36,843.58
19   Group Reserves (excluding Minority Interest)                                                          1,059,450.54
20   Minority Interest                                                                                        10,721.12
21   Analytical Ratios
     (i) Earnings per Share (before and after extraordinary
     items) (see Note 6)
     (a) Basic (not annualised) `                                                  5.64            4.71           21.73
     (b) Diluted (not annualised) `                                                5.61            4.66           21.60
     (ii) NPA Ratios
     (a) Gross NPA                                                            71,738.61       93,566.22       71,198.46
     (b) Net NPA                                                              24,066.96       39,301.32       24,267.10
     (c) % of Gross NPA/ Gross Advances                                            1.59            2.79            1.71
     (d) % of Net NPA/ Net Advances                                                0.54            1.19            0.59
     (e) % of Gross NPA/ Gross Advances (excluding NPAs acquired
        from other banks/ NBFCs)                                                   1.07            2.02            1.13
     (f) % of Net NPA/ Net Advances (excluding NPAs acquired from
        other banks/ NBFCs)                                                        0.41            0.95            0.43
     (iii) Return on Assets (average) (not annualised)                             0.55            0.56            2.39




                                                                                                                    1
NOTES:

   1.    Details of other income forming part of the Consolidated unaudited results are as follows:
                                                                                                                   ` lakhs
Particulars                                                                      Quarter Ended              Year Ended
                                                                            June-11        June-10           March-11
                                                                          (Unaudited)    (Unaudited)         (Audited)
Commission, fees, exchange and brokerage                                     32,418.46      36,319.25          145,149.48
Profit on sale of investments (other than insurance business)                 2,475.57           9.17           16,424.25
Others                                                                        6,141.06       4,270.86           18,357.04
Total – Other income                                                        41,035.09      40,599.28          179,930.77


   2.    Details of other expenditure forming part of Consolidated unaudited results are as follows:
                                                                                                                   ` lakhs
Particulars                                                                       Quarter Ended             Year Ended
                                                                             June-11        June-10          March-11
                                                                           (Unaudited)    (Unaudited)        (Audited)
Brokerage                                                                      4,733.78       5,158.59          22,538.71
Depreciation                                                                   3,778.44       3,669.82          15,234.62
Rent, taxes and lighting                                                       5,735.33       5,016.63          21,585.55
Others                                                                        23,392.63      22,572.04         100,964.25
Total – Other operating expenses                                             37,640.18      36,417.08         160,323.13

   3.    Provisions and contingencies are net of recoveries made against accounts which have been written off as bad in
         the previous year/s.

   4     The consolidated financial results are prepared in accordance with Accounting Standard – 21, “Consolidated
         Financial Statements “ and AS - 23 “ Accounting for investment in associates in consolidated financial statement
         “ issued by The Institute of Chartered Accountants of India.

   5     Other income in the consolidated results for the reporting periods is net of sub-brokerage paid in the broking
         subsidiary amounting to ` 2,099.36 lakhs for the quarter ended 30th June, 2011 (` 1,266.36 lakhs for the quarter
         ended 30th June, 2010), for year ended 31st March, 2011 ` 6,553.38 lakhs.

   6     Each equity share of the Bank having face value of ` 10 fully paid-up was sub-divided into two equity shares of
         the face value of ` 5 each fully paid-up in September 2010. Accordingly, the number of shares in the previous
         periods has been restated to make them comparable. In accordance with Accounting Standard 20 “Earnings Per
         Share”, the Bank has given effect to the sub-division of shares in computing the earnings per share for the
         previous periods.

   7     There has been no change in significant accounting policies during the quarter.

   8     Figures for the previous period/ year have been regrouped wherever necessary to conform to current period’s
         presentation.




                                                                                                                             2
KOTAK MAHINDRA BANK LIMITED (STANDALONE)
Registered Office: 36-38A, Nariman Bhavan, 227, Nariman Point, Mumbai 400 021

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE, 2011

                                                                                                       ` lakhs
                                                                          Quarter Ended              Year Ended
Sr                                                                     June-11           June-10     March-11
No    Particulars                                                    (Unaudited)       (Unaudited)   (Audited)
 1    Interest earned (a+b+c+d)                                       132,978.22        89,741.68    418,975.20
     (a) Interest/ discount on advances/ bills                         104,217.48        67,063.82    321,434.81
     (b) Income on investments                                          28,635.93        22,547.93     95,717.85
      (c)    Interest on balances with RBI & other banks                    88.24           124.83       1,718.84
      (d) Others                                                            36.57             5.10        103.70
 2    Other Income (Refer Note 2)                                       22,866.21       16,262.25      78,053.49
 3    Total income (1+2)                                              155,844.43       106,003.93    497,028.69
 4    Interest expended                                                 76,193.23        41,477.32    209,217.68
 5    Operating expenses (a+b)                                          41,045.62       32,992.42    155,332.02
      (a) Payments to and Provisions for employees                      20,619.05        16,561.97     75,114.84
      (b) Other Operating expenses                                      20,426.57        16,430.45     80,217.18
 6    Total expenditure (4+5) (Excluding Provisions and
      Contingencies )                                                 117,238.85        74,469.74    364,549.70
 7    Operating Profit (3-6) (Profit before Provisions and
      Contingencies)                                                    38,605.58       31,534.19    132,478.99
 8    Provisions & contingencies (Other than Tax) (Refer Note 1)          2,208.49        5,609.48     13,708.81
 9   Exceptional items                                                             -             -                -
10   Profit from Ordinary Activities before tax (7-8-9)                 36,397.09       25,924.71    118,770.18
11   Provision for taxes                                                11,193.60         7,234.38     36,951.97
12   Net Profit from Ordinary Activities after tax (10-11)              25,203.49       18,690.33      81,818.21
13   Extraordinary items (net of tax expense)                                      -             -                -
14   Net Profit for the Period (12-13)                                  25,203.49       18,690.33      81,818.21
15   Paid Up Equity Capital - (Face Value ` 5 per share)                 36,890.52       34,859.44      36,843.58
16   Reserves excluding revaluation reserves                                                          642,803.62
17   Analytical Ratios
     (i) % of shares held by Govt. of India                                    NA              NA             NA
     (ii) % Capital adequacy ratio ( Basel II )                             18.15            16.79         19.92
     (iii) Earnings Per Share (EPS) for the period (Refer Note 3)
           - Basic (Not Annualised) `                                         3.42            2.69         11.35
            - Diluted (Not Annualised) `                                      3.40            2.66         11.28
     (iv) NPA Ratios
     a) Gross Non-performing assets                                     61,570.81        77,819.22     60,349.33
     b) Net Non-performing assets                                       21,352.49        30,816.43     21,115.94
     c) % of Gross NPA to Gross Advances                                      1.88            3.29           2.03
     d) % of Net NPA to Net Advances                                          0.66            1.33           0.72
     e) % of Gross NPA to Gross Advances (excluding NPAs acquired
     from other banks and NBFCs)                                              1.16            2.20           1.23
     f) % of Net NPA to Net Advances (excluding NPAs acquired from
     other banks and NBFCs)                                                   0.49            0.99           0.50
     g) Return on Assets %(Average) – Not Annualised                          0.47            0.45           1.77
18   Public Shareholding
     (i) No. of shares                                                402,020,101      361,383,510   401,081,236
     (ii) % of shareholding                                                54.49%          51.83%         54.43%
19   Promoters and promoter group
     Shareholding
     a) Pledged/Encumbered
     - Number of shares                                                            -       100,000       100,000


                                                                                                                  3
Quarter Ended                Year Ended
    Sr                                                                                 June-11           June-10          March-11
    No         Particulars                                                           (Unaudited)       (Unaudited)        (Audited)
              - Percentage of shares (as a % of the total shareholding of                          -         0.03%             0.03%
              promoter and promoter group)
              - Percentage of shares (as a% of the total share capital of the                      -           0.01%             0.01%
              company)
              b) Non-encumbered
              - Number of Shares                                                       335,790,268      335,705,288       335,690,268
              - Percentage of shares (as a% of the total shareholding of
              promoter and promoter group)                                                    100%           99.97%            99.97%
              - Percentage of shares (as a % of the total share capital of the
              company)                                                                      45.51%           48.16%            45.56%


Segment Results

The reportable segments of the Bank are as under:

          Segment                                                               Principal activity
 Treasury and BMU                     Money market, forex market, derivatives, investments and primary dealership of government
                                      securities and Balance Sheet Management Unit (BMU) responsible for Asset Liability Management.
 Retail Banking                        Includes lending, deposit taking and other services/ products including credit cards.
 Corporate/Wholesale                  Wholesale borrowings and lendings and other related services to the corporate sector which are not
 Banking                              included under retail banking

                                                                                                                                ` lakhs
                                                                                         Quarter Ended                     Year ended
                                                                                   June -11         June-10                March- 11
                                                                                 (Unaudited)      (Unaudited)               (Audited)
1        Segment Revenue
         a. Treasury and BMU                                                          44,088.36           32,623.72           149,755.27
         b. Corporate/ Wholesale Banking                                              55,235.52           31,488.25           160,386.97
         c. Retail Banking                                                            99,990.16           66,546.64           311,286.78
         Sub-total                                                                  199,314.04          130,658.61           621,429.02
         Less : Inter-segmental revenue                                               43,491.14           24,654.68           124,426.11
         Add : Unallocated Income                                                         21.53                   -                25.78
         Total                                                                      155,844.43          106,003.93           497,028.69
2        Segment Results
         a. Treasury and BMU                                                           (894.02)             8,590.72           30,483.36
         b. Corporate/ Wholesale Banking                                              23,756.62            10,490.28           54,389.11
         c. Retail Banking                                                            13,513.02             6,843.71           33,871.93
         Sub-total                                                                   36,375.62            25,924.71          118,744.40
         Add : Unallocated Income /(expense)                                              21.47                    -               25.78
         Total Profit Before Tax                                                     36,397.09            25,924.71          118,770.18
3        Capital employed (Segmental Assets less Segmental
         Liabilities)
         a. Treasury and BMU                                                         129,647.44           73,988.07           189,618.97
         b. Corporate/ Wholesale Banking                                             241,586.87          141,275.25           178,330.91
         c. Retail Banking                                                           329,083.57          242,463.85           299,226.15
         d. Unallocated                                                                7,335.09           11,586.83            12,471.17
         Total                                                                      707,652.97          469,314.00           679,647.20



    Notes
       1.       Provisions and contingencies are net of recoveries made against accounts which have been written off as bad in the
                previous period/ year.

         2.     Other Income includes non fund based income such as commission earned from guarantees/letters of credit, financial
                advisory fees, selling of third party products, earnings from foreign exchange transactions and profit/loss from sale of
                securities.

         3.     Each equity share of the Bank having face value of ` 10 fully paid-up was sub-divided into two equity shares of the
                face value of ` 5 each fully paid-up in September 2010. Accordingly, the number of shares in the previous periods
                has been restated to make them comparable. In accordance with Accounting Standard 20 “Earnings per Share”, the
                Bank has given effect to the sub-division of shares in computing the earnings per share for the previous periods.

         4.     During the quarter, the Bank has granted 3,251,130 options under employee stock option scheme. Stock options
                aggregating to 938,865 (Post split) were exercised during the quarter and 15,241,958 (Post split) stock options were
                outstanding with employees of the Bank and its subsidiaries as at 30th June, 2011.
                                                                                                                                      4
5.   The Bank had two outstanding shareholder complaints as at 31st March, 2011, which were subsequently resolved.
     During the quarter, the Bank received 12 complaints from shareholders out of which two complaints were pending as
     at 30th June, 2011, which have subsequently been resolved.

6.   Figures for the previous period/year have been regrouped wherever necessary to conform to current period’s
     presentation.

7.   There has been no change in significant accounting policies during the quarter.

8.   The above results have been approved by the Board of Directors of the Bank at its meeting held today. The same are
     subject to review by the statutory auditors of the Bank.




                                                                          By order of the Board of Directors
                                                                          For Kotak Mahindra Bank Limited




                                                                          Dipak Gupta
              st
Mumbai, 21         July, 2011                                             Executive Director




                                                                                                                     5

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Kotak Mahindra Q1 FY 12 results presentation

  • 1. This document contains the following reports – Analyst Presentation / Earnings Update Press Table
  • 3. 2
  • 4. Geographical Presence Wide National Footprint … .. With Multiple Points of Presence Business Branches (Jun, 11) Banking 323 Car Finance 57 Life Insurance 202 Securities 1,442 Mutual Fund 84 Total 2,108 ~~International offices situated in London, New International offices situated in London, New York, California, Dubai, Abu Dhabi, Bahrain, York, California, Dubai, Abu Dhabi, Bahrain, Mauritius & Singapore Mauritius & Singapore 3
  • 5. Group Structure Note: •All companies are fully owned subsidiaries excepting KM Old Mutual which is held 74% 4
  • 7. Consolidated Highlights (Q1 FY12) PAT Loans Net NIM 416 `cr (328 `cr) 44,699 `cr (32,978 `cr) NPA ** 5.0% Up 27% yoy Up 36% yoy 0.41% (0.95%) (5.4%) CAR Tier 1 * AUM 18.4% (16.9%) 16.9% (15.1%) 51,661 `cr (as per Basel II) (as per Basel II) (47,979 `cr) CASA 8,254 `cr (6,657 `cr) 27% of total deposits * Excluding unaudited profits ** Excluding acquired stressed assets • Figures in brackets are Q1FY11 numbers
  • 8. Consolidated Revenues ` cr FY11 Q4 FY11 Q1 FY11 Q1 FY12 Financing Activities 4,551 1,304 950 1,445 Fee Income * 1,452 383 363 324 Premium Income 2,940 1,063 546 500 Treasury – Others ** 1,530 429 314 427 Others 239 76 58 83 Total Revenues 10,712 3,255 2,231 2,780 * Fee income is net of sub brokerage ** Excluding treasury (policyholders’) income 7
  • 9. Consolidated Advances & Investments ` cr FY11 Jun10 Jun11 Commercial Vehicles & Construction Equipments 6,251 4,402 6,771 Agriculture Finance 4,220 2,925 4,356 Auto Loans 8,550 7,064 8,978 Mortgage Loans 6,877 5,299 7,077 Personal Loans 1,307 1,193 1,360 Corporate Banking 10,916 9,325 12,630 Others 3,121 2,770 3,527 Total Advances 41,242 32,978 44,699 Investments / Treasury Assets * 18,279 16,374 19,422 Total Advances & Investments 59,521 49,352 64,121 * Does not include policy holders’ investments 8
  • 10. Consolidated PAT ` cr FY11 Q4 FY11 Q1 FY11 Q1 FY12 Kotak Mahindra Bank 818 249 187 252 Kotak Mahindra Prime 318 87 76 94 Kotak Securities 182 36 47 23 Kotak Mahindra Capital Company 52 30 7 1 Kotak Mahindra Old Mutual Life Insurance 101 71 (7) 46 Kotak Mahindra AMC & Trustee Co 17 4 9 9 International subsidiaries 51 15 16 (3) Kotak Investment Advisors 33 6 11 11 Kotak Mahindra Investments 24 5 7 3 Total 1,596 503 353 436 Minority Interest, Equity Affiliates, Others (29) (12) (25) (20) Consolidated PAT 1,567 491 328 416 9
  • 11. Consolidated PAT – Quarterly Trend 600 500 416 400 328 (`cr ) 300 257 200 146 150 104 100 - 2007 2008 2009 2010 2011 2012 Q1 Q2 Q3 Q4 ` cr 2007 2008 2009 2010 2011 2012 Q1 104 146 150 257 328 416 Q2 94 242 161 300 364 Q3 170 364 131 331 384 Q4 170 240 211 419 491 10
  • 12. Consolidated Profit (PBT) Mix `cr 1,883 2,273 711 504 619 6% 4% 4% 14% 4% 9% 7% 10% 4% 6% 15% 15% 14% 23% 83% 75% 72% 77% 59% -1% FY10 FY11 Q4FY11 Q1FY11 Q1FY12 Financing Capital Market Insurance Asset Management 11
  • 13. Consolidated Key Financials ` cr FY11 Q1 FY11 Q1 FY12 Deposit 27,313 22,288 29,397 Borrowings 22,073 19,241 24,620 Advances 41,242 32,978 44,699 Total Assets 73,681 61,776 78,542 Networth 10,963 8,264 11,406 AUM 47,850 47,979 51,661 12
  • 14. Consolidated Key Ratios FY11 Q1 FY11 Q1 FY12 Return on average assets (%, not annualised) 2.39 0.56 0.55 Book value per share (`) 148.8 118.5 154.6 NIM (% - YTD annualised) @ 5.2 5.4 5.0 Group CAR (%) – $ excl. unaudited profits 19.5 16.9 $ 18.4 $ Tier I(%) - $ excl. unaudited profits 18.1 15.1 $ 16.9 $ RoE (%), annualised 16.4 16.2 14.9 Gross NPA (` cr) excl. acquired stressed assets 469 671 479 Gross NPA (%) excl. acquired stressed assets 1.1 2.0 1.1 Net NPA (` cr) excl. acquired stressed assets 178 313 184 Net NPA (%) excl. acquired stressed assets 0.4 1.0 0.4 @ NIM for previous periods restated for processing fees. 13
  • 16. Financing Business Advances Net Interest Income 44,699 3,000 41,242 40,000 2,500 32,978 29,724 2,000 2,233 30,000 (`cr) 1,500 (` cr) 2,680 20,000 1,000 10,000 500 725 614 742 - - FY10 FY11 Q4FY11 Q1FY11 Q1FY12 FY10 FY11 Q1FY11 Q1FY12 NII Net NPA PAT 2.5% 1,200 1,160 2.1% 2.0% 1,000 1.7% 1.5% 762 1.5% 800 1.2% 1.1% 1.0% 1.0% (` cr) 600 0.7% 0.5% 0.5% 0.4% 400 341 349 270 0.4% 0.0% 200 Mar-09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 - FY10 FY11 Q4FY11 Q1FY11 Q1FY12 NNPA % is excl acquired stressed assets portfolio 15
  • 17. Consumer Banking - Liabilities Number of Branches & ATMs 500 Branches in CY13 350 710 725 800 300 552 700 Increased cross sell of 250 492 600 asset products 500 321 Branches 200  ATM s 323 400 150 Added close to 1 lac. 249 262 300 customer accounts 100 200 50 100 Focus on affluent - 0 segment FY10 FY11 Q1FY11 Q1FY12 CASA deposits*` cr 7,463 8,791 6,657 8,254 CASA % *` cr 31 30 28 27 * Excl IPO float 16
  • 18. Consumer Financing Advances break up Continue focus on 3% 3% 3% 3% Auto Sector 10% 8% 8% 7% Focus on SENP 37% 39% 38% 40% Mortgage – healthy growth over the years; present in 14 cities 50% 50% 51% 50% Unsecured loans degrown in last 3 yrs; see opportunities in FY10 FY11 Q1FY11 Q1FY12 select segments Car Mortgage PL Others ` cr 13,074 17,170 13,960 17,873 17
  • 19. Commercial Financing Advances break up Renewed growth in CE/CV 5% 4% 7% 18% 15% 19% 13% Consistent growth in 34% Agri 32% 31% 31% Priority sector target met consistently 48% 48% 46% 49% Limited exposure to MFI, 0.08% of consol FY10 FY11 Q1FY11 Q1FY12 advances CE/CV Agri Capital Market Others ` cr 9,168 12,988 9,543 13,982 18
  • 20. Wholesale Financing Funded & Non funded `cr Leverage on Group relationships 12,630 10,916 Continued focus on 9,325 Trade Finance & 7,325 Transaction Banking 6,490 6,786 3,591 Continue strong 3,232 presence in debt capital markets Deepen franchise of FY10 FY11 Q1FY11 Q1FY12 large corporates & widen Funded Non Funded middle markets 19
  • 21. Bank – Profit and Loss ` Cr FY11 Q4FY11 Q1FY11 Q1FY12 Net Interest Income 2,097 565 483 568 Other Income 781 248 162 229 Net Total Income 2,878 813 645 797 Employee Cost 751 218 166 206 Other Operating 802 Expenses 227 164 204 Operating Expenditure 1,553 445 330 410 Operating Profit 1,325 368 315 386 Provisions & 137 (7) 56 22 Contingencies PBT 1,188 375 259 364 Provision for Tax 370 126 72 112 PAT 818 249 187 252 20
  • 22. Bank Segment Performance Segmental PBT (`cr) FY11 Q4 FY11 Q1 FY11 Q1 FY12 Corporate/Wholesale Banking 544 170 105 238 Retail Banking 339 99 68 135 Treasury & BMU* 305 106 86 (9) Total 1,188 375 259 364 * Balance Sheet Management Unit 21
  • 23. Bank Advances & Investments ` cr FY11 Q1 FY11 Q1FY12 Commercial Vehicles & Construction Equipments 6,251 4,402 6,771 Agriculture Finance 4,220 2,925 4,356 Mortgage Loans 6,877 5,247 7,077 Personal Loans 1,305 1,170 1,359 Corporate Banking 9,417 8,500 11,214 Others 1,259 945 1,562 Total Advances 29,329 23,189 32,339 Advances – as per segmental classification Retail 17,672 13,604 17,906 Corporate 11,657 9,585 14,433 Total Advances 29,329 23,189 32,339 Investment / Treasury Assets 17,121 15,613 17,925 Total Advances and Investments 46,451 38,802 50,264 22
  • 24. Bank Balance Sheet Liabilities ` cr FY11 Q1 FY11 Q1 FY12 Net Worth 6,796 4,693 7,077 Deposits 29,261 24,058 31,047 CA 5,460 3,953 4,947 SA 3,331 2,704 3,307 Term Deposit 15,388 12,537 16,819 Certificate of Deposit 5,082 4,864 5,974 Borrowings 11,724 11,126 13,863 Other Liabilities and Provisions 3,070 3,068 3,086 Total 50,851 42,945 55,073 Assets ` cr Cash, Bank and Call 2,471 2,116 2,842 Investments 17,121 15,613 17,925 Government Securities 13,198 12,977 14,331 Other Securities 3,923 2,636 3,594 Advances 29,329 23,188 32,339 Fixed Assets & other Assets 1,928 2,028 1,967 Total 50,851 42,945 55,073 23
  • 25. Bank Key Ratios ` cr FY11 Q1 FY11 Q1 FY12 CAR % – $ 19.9 16.8$ 18.2$ Tier I (%) – $ 18.0 14.2$ 16.1$ Gross NPA (` cr) * 362 514 377 Gross NPA (%) * 1.2 2.2 1.2 Net NPA (` cr) * 146 228 157 Net NPA (%) * 0.5 1.0 0.5 RoA (% - not annualised) 1.8 0.5 0.5 $ excl. unaudited profits * Excluding acquired stressed assets portfolio 24
  • 26. Kotak Mahindra Prime ` cr FY11 Q4 FY11 Q1 FY11 Q1 FY12 Total Income 1,365 365 300 396 Profit before tax 482 129 115 141 Profit after tax 318 87 76 93 ` cr FY11 Q1 FY11 Q1 FY12 Total Advances 11,145 9,053 11,569 Car Advances 8,489 7,000 8,938 Net NPA$ 31 84 26 Car Business Net NPA 0.3 0.3 0.2 CAR (%) 15.5 12.7 16.0 ROA (%) (Not annualised) 3.1 0.8 0.8 $excluding acquired stressed assets portfolio 25
  • 27. Life Insurance Capital efficiency among Gross Premium `cr the highest in the industry Adjusting with the new Renewal product mix; Group 1,534 1,722 330 Single 346 FY12 as another year of 221 288 Individual consolidation; 188 280 Regular 62 60 17 conservatism has helped so 925 685 925 40 far 65 FY10 FY11 Q1FY11 Q1FY12 2,858 2,976 558 511 FY11 Q1 FY11 Q1 FY12 Capital (` cr) 562 562 562 Solvency ratio 2.67 2.69 2.85 Gross Premium 2,976 558 511 Renewal 1,722 330 346 Individual Regular 685 149 65 Group 288 62 60 Single 280 17 40 26
  • 28. Life Insurance Sum Assured AUM 9,000 8,270 8,692 138 129 7,500 6,797 6,461 120 103 6,000 92 (`cr '000) (`cr) 80 4,500 3,000 40 1,500 - - FY10 FY11 Q1FY11 Q1FY12 FY10 FY11 Q1FY11 Q1FY12 Number of Branches PAT 250 214 214 202 202 110 101 200 69 150 70 (` Cr) (No.) 46 100 30 50 (10) 0 (7) FY10 FY11 Q1FY11 Q1FY12 FY10 FY11 Q1FY11 Q1FY12 27
  • 29. Kotak Securities Market ADV ( ` 000 cr) ADV ` cr (KS) 4,800 4,648 4,600 78 4,400 89 35 56 4,200 3,925 4,000 (`cr) 3,800 38 3,582 39 37 3,600 30 3,400 23 19 18 14 3,200 FY10 FY11 Q1FY11 Q1FY12 3,000 Cash Future Option Mar-11 Jun-10 Jun-11 ` cr FY11 Q4 FY11 Q1 FY11 Q1 FY12 Total income 738 169 174 145 Profit before tax 272 56 67 36 Profit after tax 182 36 47 23 Market share (%) 3.4 2.9 3.7 2.7 Kotak Securities services > 680,000 secondary market customers thru 1,442 branches & franchises. 28
  • 30. Kotak Mahindra Capital Client Transaction Size (USD mn) Initial Public Offering 204 Initial Public Offering 169 Growth equity investment by KKR & IFC 97 Pre-IPO Placement to Avigo & Sabre 30 Joint Venture between Kokuyo and Camlin Limited 91 Open offer for Kemrock Industries and Exports Limited by 45 RPM International Inc. SBS Holdings Inc acquisition of 80% stake in Atlas Logistics ND Ltd Business Restructuring ND `cr FY11 Q4 FY11 Q1 FY11 Q1 FY12 Total income 154 60 34 23 Profit before tax 70 40 10 2 Profit after tax 52 30 7 1 29
  • 31. Asset Management ` 47,979 cr ` 51,661cr Q1 FY11 Q1 FY12 PMS 5% Insurance PMS 14% 3% Domestic MF Insurance Domestic Debt 16% MF Debt 45% 50% Offshore Offshore Funds 15% Funds 14% Alternate Asset 11% Alternate Domestic MF Asset Equity 10% Domestic 10% MF Equity 7% 30
  • 32. Mutual Fund Average Assets Under Management `cr Close to 9.8 lac folios Regulatory challenges 84 Branches 34,880 34,482 34,167 30,472 FY10 FY11 QTDJUN10 QTDJUN11 ` cr FY11 Q4 FY11 Q1 FY11 Q1 FY12 Total income 119 33 40 37 Profit before tax 25 5 13 13 Profit after tax 17 4 9 9 Average AUM (` bn) 305 323 345 342 Average AUM - Equity (` bn) 44 38 47 37 AMC & Trustee Co 31
  • 33. Kotak Investment Advisors Realty Funds Private Equity Funds  Corpus advised //managed –– Corpus advised managed  Corpus advised //managed –– Corpus advised managed ``2,894cr 2,894cr ``2,051 cr 2,051 cr  Propose to launch $300 mn Infrastructure fund with SMBC and Brookfield Propose to launch $300 mn Infrastructure fund with SMBC and Brookfield  KIREF IV Closing done on 14th July 2011 with Corpus Rs. 454 cr. KIREF IV Closing done on 14th July 2011 with Corpus Rs. 454 cr. ` cr FY11 Q4FY11 Q1FY11 Q1FY12 Total income 96 26 25 25 Profit before tax 49 10 16 15 Profit after tax 33 6 11 11 32
  • 34. International Subsidiaries ` cr FY11 Q4 FY11 Q1 FY11 Q1 FY12 Total income 139 36 32 21 Profit before tax 54 15 19 (5) Profit after tax 51 15 16 (3) As on Jun 30, 2011 assets managed / advised by international subsidiaries were USD 1.7 bn. 33
  • 35. Bank Awards & Recognition Kotak Bank Annual Report 2010-11 was awarded Platinum - “Best among Banking, APAC” and Gold in the “Most Creative Report, APAC” in the LACP Vision Awards, USA Awarded Bronze in the “Best Local Trade Bank in India” category of Trade and Forfaiting Review Awards 2011 Awarded Hewitt Best Employers in India 2011 & 2009; only Bank to be in top 25 Ranked #2 in India for companies with “Best Corporate Governance Practices” – IR Global Rankings 2010 Ranked # 1 in 17 categories including range of investment products / advisory Award for Excellence services by Euromoney “The ingenious 100” Award by IDG India’s CIO Magazine for Storage Virtualization & Ingenious Technology Solutions Best Local Cash Management Bank Asia Money 2010 Best companies to work for 2010 & 2009 by Great places to work Institute India Best Private Bank by Finance Asia Country 34
  • 36. Awards & Recognition Lipper Fund Award 2011 for Kotak Bond Regular – ‘Best Fund over 10 years Bond Indian Rupee’ Best Debt Fund House of the year 2009 Outlook Money NDTV Profit Awards 2009 & 2010 Best Broker in India 2010 Best Broker in India 2010 2011:Best Investment Bank in India (Sixth year in a row) 2011: Best Domestic Equity House Best Local Brokerage 2010 Best Local Brokerage 2010 2011: Best Equity House (Fourth year in a row) (Second year in a row) Award for Excellence 2010: Best Domestic Investment Bank 2010: Best Investment Bank in India 2010: Best Bank for Equity Finance in India (Fifth year in a row) (Real Estate) 2006: Best Equity House in India 35
  • 37. Talent…Professional Entrepreneurs at work C. Jayaram  Joined Kotak in 1990; First charge | Vice President, Kotak Mahindra Finance  Current charge | Joint Managing Director, Kotak Mahindra Bank  On being a professional entrepreneur | When I joined Kotak, I didn’t really foresee that I would be running a business for the Group. As it turns out, I have been involved with building more than four businesses. Each one has presented its own set of challenges and opportunities. I can’t think of too many companies which offer their people this kind of a canvas. 36
  • 38. Talent…Professional Entrepreneurs at work Gaurang Shah  Joined Kotak in 1996; First charge | Chief Operating Officer, Kotak Mahindra Primus;  Current charge | Head of Asset Management businesses across the mutual fund, PMS and life insurance  On being a professional entrepreneur | I came from a corporate finance background and joined Kotak’s Car Finance business. That was in 1996. I was totally new to retail finance. In 1999, I took over as Executive Director of Car Finance and by 2002, we had built one of India’s most profitable car finance companies. In 2002, I took over as head of Retail Assets and we added Home Loans, Subprime Lending in automobile financing and agricultural finance to our retail portfolio. In 2004, I moved into Life Insurance with my knowledge of insurance restricted to a single policy that I owned. Jaimin Bhatt  Joined Kotak in 1995; First charge | Proprietary Investments  Current charge | Group CFO  On being a professional entrepreneur | My initial work at Kotak was in the area of Proprietary Investments, where I worked with Narayan (S.A.). Around the time of the Ford JV, I was invited to be on the team structuring the JV and that was very exciting. I moved to the Investment Bank and handled M&A. I was involved in a number of exciting transactions. Thereafter my role grew into larger operational role at the Investment Bank and also included doing structuring work for the Group. What stands out for me is the freedom and sense of responsibility that one gets and this, in turn, instills a lot of self-confidence. As you grow and inculcate the same sense of self-confidence in those around you, it becomes a part of the culture. K.V.S. Manian  Joined Kotak in 1995; First charge | Compliance, Kotak Mahindra Capital Company;  Current charge | Group Head – Consumer Banking covering all liabilities and assets  On being a professional entrepreneur | After two years in Investment Banking, I moved into Corporate Finance. I was instrumental in turning around and building the Retail Asset Finance Division (including the early stages of the Commercial Vehicle and Personal Loans Businesses). When the Group restructured its business in preparation for the conversion to a bank, I managed the team working on viability, decision making and structuring of the banking business as a project. I now oversee the Personal customer segment comprising of the Home Finance Division, the Consumer Services Group, Credit Cards and the Auto Finance Business, in addition to the Branch Banking and Retail Liabilities business. It’s been a diverse set of responsibilities and looking back, I realize that I had no prior experience in any of the functions. 37
  • 39. Talent…Professional Entrepreneurs at work Shanti Ekambaram  Joined Kotak in 1991; First charge | Senior Manager – Bill Discounting;  Current charge | Group Head – Corporate & Institutional Banking, Kotak Mahindra Bank  On being a professional entrepreneur | I joined Kotak from a foreign bank. Since financial services was still a new area I was apprehensive but here was a company that seemed young and hungry. In the back of my mind, I knew I could always go back to a MNC if things didn’t work out. That was 16 years ago and I’m still here and raring to go. I have run the Bill Discounting business, serviced FIIs and started the M&A desk. When we entered into a strategic alliance with Goldman Sachs, I moved to look after that business and we dominated the GDR and private placement markets. I subsequently moved into the domestic Investment Banking business to develop corporate relationships, then head Fixed Income. In 1998, I took over as the CEO of the Investment Bank and we went on to top the league tables. In 2003 when the bank project was launched I was given the opportunity to build the wholesale bank. I don’t think any MNC would give me so many opportunities for learning and growth. Mohan Shenoi  Joined Kotak in 2002;  Current charge | Treasurer, Kotak Mahindra Bank  On being a professional entrepreneur | Very few in the banking industry have the experience of starting a new bank. I had this rare privilege of associating with two banks right from their inception. The first was ICICI Bank and the second is Kotak Mahindra Bank. I was instrumental in setting up and managing the treasury in both banks. At Kotak, Treasury is one of the important contributors to the revenues of the Bank. Over a 29-year banking career, I have worked in branch banking, credit, recoveries, strategic planning and retail banking (apart from treasury). The environment at Kotak allows me to leverage this diversity of experience to the fullest. Narayan S.A.  Joined Kotak in 1992; First charge | Associate Vice President, Kotak Mahindra Finance (Operations);  Current charge | Head – Commercial Business, Kotak Mahindra Bank, also oversees the retail brokerage  On being a professional entrepreneur | In 1996, broking was largely seen as in institutional business. I believed that retail broking was an opportunity waiting to happen and took up the challenge of going retail. I always wanted to be an entrepreneur and Kotak gave me an opportunity to build a business that any entrepreneur would be proud of. 38
  • 40. Disclaimer This presentation is for information purposes only and does not constitute an offer, solicitation or advertisement with respect to the purchase or sale of any security of Kotak Mahindra Bank Limited (the “Bank”) and no part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. No offering of securities of the Bank will be made except by means of a statutory offering document containing detailed information about the Bank. This presentation is not a complete description of the Bank. Certain statements in the presentation contain words or phrases that are forward looking statements. All forward-looking statements are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those contemplated by the relevant forward looking statement. Any opinion, estimate or projection herein constitutes a judgment as of the date of this presentation, and there can be no assurance that future results or events will be consistent with any such opinion, estimate or projection. The information in this presentation is subject to change without notice, its accuracy is not guaranteed, it may be incomplete or condensed and it may not contain all material information concerning the Bank. We do not have any obligation to, and do not intend to, update or otherwise revise any statements reflecting circumstances arising after the date of this presentation or to reflect the occurrence of underlying events, even if the underlying assumptions do not come to fruition. All information contained in this presentation has been prepared solely by the Bank. No information contained herein has been independently verified by anyone else. No representation or warranty (express or implied) of any nature is made nor is any responsibility or liability of any kind accepted with respect to the truthfulness, completeness or accuracy of any information, projection, representation or warranty (expressed or implied) or omissions in this presentation. Neither the Bank nor anyone else accepts any liability whatsoever for any loss, howsoever, arising from any use or reliance on this presentation or its contents or otherwise arising in connection therewith. This presentation may not be used, reproduced, copied, distributed, shared, or disseminated in any other manner. The distribution of this document in certain jurisdictions may be restricted by law and persons into whose possession this presentation comes should inform themselves about, and observe, any such restrictions. Contact Jaimin Bhatt / R Sundarraman Kotak Mahindra Bank Limited Tel: +91 22 6672 6000, Fax: +91 22 6672 6430 E-mail: investor.relations@kotak.com 39
  • 41. KOTAK MAHINDRA BANK LIMITED (CONSOLIDATED) Registered Office: 36-38A, Nariman Bhavan, 227, Nariman Point, Mumbai 400 021 UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE, 2011 ` lakhs Sr Particulars Quarter Ended Year Ended No June-11 June-10 March-11 (Unaudited) (Unaudited) (Audited) 1 Interest earned (a+b+c+d) 186,960.88 127,866.93 597,311.23 (a) Interest/discount on advances/bills 143,191.55 94,929.51 454,252.54 (b) Income on investments 41,957.91 31,664.35 135,518.78 (c) Interest on balances with RBI & other banks 780.68 189.43 2,309.06 (d) Others 1,030.74 1,083.64 5,230.85 2 Other income (a+b+c) 84,003.82 105,000.73 502,431.75 (a) Profit/(Loss) on sale of investments including revaluation (insurance business) (7,058.80) 9,778.81 28,510.11 (b) Premium on Insurance Business 50,027.53 54,622.64 293,990.87 (c) Other income (see Notes 1 and 5) 41,035.09 40,599.28 179,930.77 3 Total income (1+2) 270,964.70 232,867.66 1,099,742.98 4 Interest expended 94,923.60 52,543.89 266,824.05 5 Operating expenses (a+b+c) 113,375.61 127,721.12 593,419.05 (a) Payments to and provisions for employees 38,481.48 35,188.48 152,234.49 (b) Policy holders’ reserves, surrender expense and claims 37,253.95 56,115.56 280,861.43 (c) Other operating expenses (see Note 2 and 5) 37,640.18 36,417.08 160,323.13 6 Total expenditure (4+5) (excluding provisions and contingencies) 208,299.21 180,265.01 860,243.10 7 Operating Profit (3-6) (Profit before provisions and contingencies) 62,665.49 52,602.65 239,499.88 8 Provisions & contingencies (Other than tax) (see Note 3) 2,416.20 5,529.04 14,759.97 9 Exceptional items - - - 10 Profit from ordinary activities before tax (7-8-9) 60,249.29 47,073.61 224,739.91 11 Tax expense 18,312.66 15,105.84 67,816.41 12 Profit from Ordinary activities after tax before Minority Interest (10 – 11) 41,936.63 31,967.77 156,923.50 13 Extraordinary items (net of tax expense) - - - 14 Profit from ordinary activities after tax before Minority Interest (12 – 13) 41,936.63 31,967.77 156,923.50 15 Less: Share of Minority Interest 1,203.44 (179.66) 2,635.26 16 Add: Share in Profit of associates 876.91 621.91 2,386.23 17 Profit after Tax (14-15+16) 41,610.10 32,769.34 156,674.47 18 Paid Up Equity Capital - (Face Value of ` 5 per share) (see Note 6) 36,890.52 34,859.44 36,843.58 19 Group Reserves (excluding Minority Interest) 1,059,450.54 20 Minority Interest 10,721.12 21 Analytical Ratios (i) Earnings per Share (before and after extraordinary items) (see Note 6) (a) Basic (not annualised) ` 5.64 4.71 21.73 (b) Diluted (not annualised) ` 5.61 4.66 21.60 (ii) NPA Ratios (a) Gross NPA 71,738.61 93,566.22 71,198.46 (b) Net NPA 24,066.96 39,301.32 24,267.10 (c) % of Gross NPA/ Gross Advances 1.59 2.79 1.71 (d) % of Net NPA/ Net Advances 0.54 1.19 0.59 (e) % of Gross NPA/ Gross Advances (excluding NPAs acquired from other banks/ NBFCs) 1.07 2.02 1.13 (f) % of Net NPA/ Net Advances (excluding NPAs acquired from other banks/ NBFCs) 0.41 0.95 0.43 (iii) Return on Assets (average) (not annualised) 0.55 0.56 2.39 1
  • 42. NOTES: 1. Details of other income forming part of the Consolidated unaudited results are as follows: ` lakhs Particulars Quarter Ended Year Ended June-11 June-10 March-11 (Unaudited) (Unaudited) (Audited) Commission, fees, exchange and brokerage 32,418.46 36,319.25 145,149.48 Profit on sale of investments (other than insurance business) 2,475.57 9.17 16,424.25 Others 6,141.06 4,270.86 18,357.04 Total – Other income 41,035.09 40,599.28 179,930.77 2. Details of other expenditure forming part of Consolidated unaudited results are as follows: ` lakhs Particulars Quarter Ended Year Ended June-11 June-10 March-11 (Unaudited) (Unaudited) (Audited) Brokerage 4,733.78 5,158.59 22,538.71 Depreciation 3,778.44 3,669.82 15,234.62 Rent, taxes and lighting 5,735.33 5,016.63 21,585.55 Others 23,392.63 22,572.04 100,964.25 Total – Other operating expenses 37,640.18 36,417.08 160,323.13 3. Provisions and contingencies are net of recoveries made against accounts which have been written off as bad in the previous year/s. 4 The consolidated financial results are prepared in accordance with Accounting Standard – 21, “Consolidated Financial Statements “ and AS - 23 “ Accounting for investment in associates in consolidated financial statement “ issued by The Institute of Chartered Accountants of India. 5 Other income in the consolidated results for the reporting periods is net of sub-brokerage paid in the broking subsidiary amounting to ` 2,099.36 lakhs for the quarter ended 30th June, 2011 (` 1,266.36 lakhs for the quarter ended 30th June, 2010), for year ended 31st March, 2011 ` 6,553.38 lakhs. 6 Each equity share of the Bank having face value of ` 10 fully paid-up was sub-divided into two equity shares of the face value of ` 5 each fully paid-up in September 2010. Accordingly, the number of shares in the previous periods has been restated to make them comparable. In accordance with Accounting Standard 20 “Earnings Per Share”, the Bank has given effect to the sub-division of shares in computing the earnings per share for the previous periods. 7 There has been no change in significant accounting policies during the quarter. 8 Figures for the previous period/ year have been regrouped wherever necessary to conform to current period’s presentation. 2
  • 43. KOTAK MAHINDRA BANK LIMITED (STANDALONE) Registered Office: 36-38A, Nariman Bhavan, 227, Nariman Point, Mumbai 400 021 UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE, 2011 ` lakhs Quarter Ended Year Ended Sr June-11 June-10 March-11 No Particulars (Unaudited) (Unaudited) (Audited) 1 Interest earned (a+b+c+d) 132,978.22 89,741.68 418,975.20 (a) Interest/ discount on advances/ bills 104,217.48 67,063.82 321,434.81 (b) Income on investments 28,635.93 22,547.93 95,717.85 (c) Interest on balances with RBI & other banks 88.24 124.83 1,718.84 (d) Others 36.57 5.10 103.70 2 Other Income (Refer Note 2) 22,866.21 16,262.25 78,053.49 3 Total income (1+2) 155,844.43 106,003.93 497,028.69 4 Interest expended 76,193.23 41,477.32 209,217.68 5 Operating expenses (a+b) 41,045.62 32,992.42 155,332.02 (a) Payments to and Provisions for employees 20,619.05 16,561.97 75,114.84 (b) Other Operating expenses 20,426.57 16,430.45 80,217.18 6 Total expenditure (4+5) (Excluding Provisions and Contingencies ) 117,238.85 74,469.74 364,549.70 7 Operating Profit (3-6) (Profit before Provisions and Contingencies) 38,605.58 31,534.19 132,478.99 8 Provisions & contingencies (Other than Tax) (Refer Note 1) 2,208.49 5,609.48 13,708.81 9 Exceptional items - - - 10 Profit from Ordinary Activities before tax (7-8-9) 36,397.09 25,924.71 118,770.18 11 Provision for taxes 11,193.60 7,234.38 36,951.97 12 Net Profit from Ordinary Activities after tax (10-11) 25,203.49 18,690.33 81,818.21 13 Extraordinary items (net of tax expense) - - - 14 Net Profit for the Period (12-13) 25,203.49 18,690.33 81,818.21 15 Paid Up Equity Capital - (Face Value ` 5 per share) 36,890.52 34,859.44 36,843.58 16 Reserves excluding revaluation reserves 642,803.62 17 Analytical Ratios (i) % of shares held by Govt. of India NA NA NA (ii) % Capital adequacy ratio ( Basel II ) 18.15 16.79 19.92 (iii) Earnings Per Share (EPS) for the period (Refer Note 3) - Basic (Not Annualised) ` 3.42 2.69 11.35 - Diluted (Not Annualised) ` 3.40 2.66 11.28 (iv) NPA Ratios a) Gross Non-performing assets 61,570.81 77,819.22 60,349.33 b) Net Non-performing assets 21,352.49 30,816.43 21,115.94 c) % of Gross NPA to Gross Advances 1.88 3.29 2.03 d) % of Net NPA to Net Advances 0.66 1.33 0.72 e) % of Gross NPA to Gross Advances (excluding NPAs acquired from other banks and NBFCs) 1.16 2.20 1.23 f) % of Net NPA to Net Advances (excluding NPAs acquired from other banks and NBFCs) 0.49 0.99 0.50 g) Return on Assets %(Average) – Not Annualised 0.47 0.45 1.77 18 Public Shareholding (i) No. of shares 402,020,101 361,383,510 401,081,236 (ii) % of shareholding 54.49% 51.83% 54.43% 19 Promoters and promoter group Shareholding a) Pledged/Encumbered - Number of shares - 100,000 100,000 3
  • 44. Quarter Ended Year Ended Sr June-11 June-10 March-11 No Particulars (Unaudited) (Unaudited) (Audited) - Percentage of shares (as a % of the total shareholding of - 0.03% 0.03% promoter and promoter group) - Percentage of shares (as a% of the total share capital of the - 0.01% 0.01% company) b) Non-encumbered - Number of Shares 335,790,268 335,705,288 335,690,268 - Percentage of shares (as a% of the total shareholding of promoter and promoter group) 100% 99.97% 99.97% - Percentage of shares (as a % of the total share capital of the company) 45.51% 48.16% 45.56% Segment Results The reportable segments of the Bank are as under: Segment Principal activity Treasury and BMU Money market, forex market, derivatives, investments and primary dealership of government securities and Balance Sheet Management Unit (BMU) responsible for Asset Liability Management. Retail Banking Includes lending, deposit taking and other services/ products including credit cards. Corporate/Wholesale Wholesale borrowings and lendings and other related services to the corporate sector which are not Banking included under retail banking ` lakhs Quarter Ended Year ended June -11 June-10 March- 11 (Unaudited) (Unaudited) (Audited) 1 Segment Revenue a. Treasury and BMU 44,088.36 32,623.72 149,755.27 b. Corporate/ Wholesale Banking 55,235.52 31,488.25 160,386.97 c. Retail Banking 99,990.16 66,546.64 311,286.78 Sub-total 199,314.04 130,658.61 621,429.02 Less : Inter-segmental revenue 43,491.14 24,654.68 124,426.11 Add : Unallocated Income 21.53 - 25.78 Total 155,844.43 106,003.93 497,028.69 2 Segment Results a. Treasury and BMU (894.02) 8,590.72 30,483.36 b. Corporate/ Wholesale Banking 23,756.62 10,490.28 54,389.11 c. Retail Banking 13,513.02 6,843.71 33,871.93 Sub-total 36,375.62 25,924.71 118,744.40 Add : Unallocated Income /(expense) 21.47 - 25.78 Total Profit Before Tax 36,397.09 25,924.71 118,770.18 3 Capital employed (Segmental Assets less Segmental Liabilities) a. Treasury and BMU 129,647.44 73,988.07 189,618.97 b. Corporate/ Wholesale Banking 241,586.87 141,275.25 178,330.91 c. Retail Banking 329,083.57 242,463.85 299,226.15 d. Unallocated 7,335.09 11,586.83 12,471.17 Total 707,652.97 469,314.00 679,647.20 Notes 1. Provisions and contingencies are net of recoveries made against accounts which have been written off as bad in the previous period/ year. 2. Other Income includes non fund based income such as commission earned from guarantees/letters of credit, financial advisory fees, selling of third party products, earnings from foreign exchange transactions and profit/loss from sale of securities. 3. Each equity share of the Bank having face value of ` 10 fully paid-up was sub-divided into two equity shares of the face value of ` 5 each fully paid-up in September 2010. Accordingly, the number of shares in the previous periods has been restated to make them comparable. In accordance with Accounting Standard 20 “Earnings per Share”, the Bank has given effect to the sub-division of shares in computing the earnings per share for the previous periods. 4. During the quarter, the Bank has granted 3,251,130 options under employee stock option scheme. Stock options aggregating to 938,865 (Post split) were exercised during the quarter and 15,241,958 (Post split) stock options were outstanding with employees of the Bank and its subsidiaries as at 30th June, 2011. 4
  • 45. 5. The Bank had two outstanding shareholder complaints as at 31st March, 2011, which were subsequently resolved. During the quarter, the Bank received 12 complaints from shareholders out of which two complaints were pending as at 30th June, 2011, which have subsequently been resolved. 6. Figures for the previous period/year have been regrouped wherever necessary to conform to current period’s presentation. 7. There has been no change in significant accounting policies during the quarter. 8. The above results have been approved by the Board of Directors of the Bank at its meeting held today. The same are subject to review by the statutory auditors of the Bank. By order of the Board of Directors For Kotak Mahindra Bank Limited Dipak Gupta st Mumbai, 21 July, 2011 Executive Director 5