Hi,
Mr. Kotak himself has told in past he is not inclined to demerger of the subsidiaries and more intrested in a consolidated house and believes in one unified kotak brand. So market won’t give any better valuation to Kotak for these subsidiaries unless it feels demerger is on the way to create shareholders.
In the year 2023:
Similar views in the past (2017):
Not sure if current CEO has different views.
If you see the recent quarter results,they are not good in terms of standalone or the core banking business.It seems business has stopped growing and on top of that NPAs are increasing. However good show from the subsidiaries have saved the day for Kotak Bank.
Disclaimer: Invested in kotak so views may be biased.
Thanks,
Deb
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