Kotak Mahindra Bank reported a good set of numbers on the operating front with profitability aided by healthy margins and controlled cost. Sequential pick-up in loan book is a positive and was in line with the management's intent to pedal growth from here on. Headline GNPA and NNPA ratio declined from 2.55% and 0.64% to 2.26% and 0.50% QoQ, respectively. However, proforma based GNPA increased by 54 bps QoQ to 3.24%, while NNPA jumped 50 bps to 1.24%. Restructured book was at 0.28% of advances, still below earlier estimates. Going into next...