Kotak reported a stable quarter with a PAT growth of 15% (S) and 21% (C) backed by advances growth of 21% (S) and 18% (C) and aided by lower provisions. The cost did inch up in part due to front-ended digital costs. NIMs contracted marginally by 10 bps sequentially largely due to lag effect in costs pass through. Vehicles, mortgages and unsecured personal loans have grown at a robust 40%, 23% and 39% respectively outpacing the corporate book growth of 19%. Caution on business banking remain growing at a mere 3% YoY. On a consolidated basis, the insurance business...