Kotak Mahindra Bank reduces exposure to unsecured loans, sees challenges in collections 6 hours ago Over the last year, Kotak Mahindra Bank consciously kept its foot off the growth pedal and reduced its unsecured loan portfolio. The bank reported a net profit of Rs 1,682 crore in the fourth quarter of FY21, up by 33% from Rs 1,267 crore in the same period of FY2020, according to its financial results. While the banks’ management says that consumer spending has improved month on month, demand for unsecured loans has not grown at the same pace. “Unsecured retail loans have gone from 7.5% of...