Kotak Mahindra Bank Ltd (NSE:KOTAKBANK)
₹ 1757.15 27.8 (1.61%) Market Cap: 3.49 Tn Enterprise Value: 3.80 Tn PE Ratio: 15.58 PB Ratio: 2.34 GF Score: 70/100

Q4 2021 Kotak Mahindra Bank Ltd Earnings Call Transcript

May 03, 2021 / 12:30PM GMT
Release Date Price: ₹1725.45 (-1.34%)
Uday Suresh Kotak
Kotak Mahindra Bank Limited - MD, CEO, Member of Executive Board & Director

Thank you very much, and good evening, friends and colleagues. First of all, I wish each of you good health as we live through unprecedented times.

I'm going to start today's meeting with, first, talking about the criticality in this battle of lives and livelihood. I think we are at such a crucial juncture in the Indian scene at present that saving lives scores over everything else at this point of time. And it is in this context, I wanted to first share and talk with you about the people balance sheet, which is even more important than the financial balance sheet in this juncture which we stand on. And I share with you the kind of pain we have gone through at Kotak with number of lives lost.

For the period April to March 2020 to 2021 March, we lost -- out of our total 70,000 employees, we lost 17 lives in a period of 1 year. Between April 1 to May 2, 2021, that is, in a period of barely 1 month, we lost 17 lives. So what we lost in a year, we have lost in 1 month. And that is the reality

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