Kotak Mahindra Bank · tone and specificity signals across the available quarters.
Language signals
We seek responsible and profitable growth and not just growth for growth's sake. In the current environment, we have prioritized stability, profitability, and efficiency without any compromise to our overarching strategy around the four focus customer segments.
We don't really give forward guidance on growth but we would say we will maintain market share. The hard work over the last two years to clean up the credit card portfolio, PL portfolio is now behind us. We are very comfortable. It's within our guardrails.
We will grow in rupee terms. Eventually the percentage will really be a function of both the growth in rupee terms as well as the growth in the secured book. We're not going to hold back secured just to make a percentage.
We are taking a watchful stance monitoring leading indicators particularly at the lower end of the spectrum and potential second and third order effects.
The kind of stress that we saw on the credit cost line during the first three quarters of the year is effectively behind us.
Our objective remains to transform the franchise for scale while building a responsible well-governed bank which generates return of equity at the high teens.