Performance Continues to be Stable; Maintain BUY Kotak Mahindra Bank (KMB) has reported a healthy performance in 2QFY18 as both standalone and consolidated net profit recorded a healthy growth. Its standalone PAT grew by 22.3% YoY and 8.9% QoQ to Rs9.9bn on the back of healthy growth in customer assets (+20.7% YoY & +6.1% QoQ), best-in-class NIMs (4.3%) and strong growth in core fee income (+28.6% YoY & +0.6% QoQ). Further, the Bank's consolidated PAT surged by 20% YoY and 7% QoQ to Rs14.4bn backed by strong bottom line growth recorded by Kotak Prime (+15.4% YoY & 13.6% QoQ to Rs1.5bn), Kotak Life (+57.7% YoY and -2.9% QoQ to Rs1bn) and Kotak Securities (+22.9% YoY...