Kotak Mahindra Bank (KMB) has reported a healthy of 9.6% qoq growth in PAT led by strong growth in core operating income coupled with lower operating and provision expenses. Notably, the quarterly and annual results are not comparable with those of corresponding period of FY15, as the reported results include operations of ING Vysya Bank (IVB) the merger of which was effective from April 01, 2015. Nevertheless, KMB's asset quality has shown signs of stabilization as GNPA ratio remained at 2.36% v/s 2.30% in 3QFY16. Overall, merger process is on schedule, and KMB's Management expects to finish entire merger process by...