Kotak Mahindra Bank (KMB) reported tepid 3QFY21 results with the key pointers being: a) profitability (PAT declined 15.1% sequentially) dragged down because of higher provisioning b) Pro-forma NPA (GNPA/NNPA ratio of 3.27%/1.24%) marginally higher than expected c) sequential credit growth stood positive at 4.5% QoQ; with strong participation in ECLGS, d) sequentially higher cost to income ratio (42.3% v/s 38.5% in the previous quarter) driven by lower other income and higher opex., e) Higher provisioning expenses (6bn v/s 3.7bn in the previous quarter) led to sequential PAT de-growth; Covid provision stood 12.8bn as of 3QFY21, f) the total contingent provisioning (Covid + Standard + Specific) stood 1.08% of net advances, g) Total PCR (including Covid, general and specific provision) stood above...