Kotak Mahindra Bank (KMB) posted a standalone PAT of INR41.3b (21% beat),which grew 18.2% YoY in 4QFY24 aided by steady revenue growth and one-offgains from the reversal of AIF provisions (INR1.57b), interest on IT refund(INR1.4b), and tax credit (INR2b). Consol. PAT grew 16.9% YoY to ~INR53.4b.