Kotak Mahindra Bank (KMB) reported steady set of numbers. NII grew 19% YoY to |2579 crore, led by healthy credit offtake at 24.7% YoY to | 169718 crore. Margins improved QoQ to 4.35% from 4.2%. Healthy operational performance continued with PPP at | 2018 crore, up 18.6% YoY. Cost income ratio improved ~110 bps QoQ at 45.9%, despite one-time provision of ~82 crore related to change in gratuity ceiling. Credit cost remained lower, however, provision related to investment depreciation at ~| 132 crore (bank did not utilized...