Strong set of numbers, healthy operating performance: Kotak Bank reported consolidated PAT of Rs4.2bn, up 98.7% YoY and 26.3% QoQ and standalone PAT of Rs2.0bn, up 97.4% YoY and 42.2% QoQ. Consolidated advances grew by 32.1% YoY, but remainedlargely flattish QoQ. A sharp sequential increase (23.7% QoQ) in agri advances was on account of meeting the year end priority sector targets. However, this was partially set off by a 19.5% QoQ decline in the corporate book. Deposits grew by 52.7% YoY and 7.7% QoQ, CASA ratio improved to 31.2% from 28.4% in Q3FY10... To read full research report you can visit the below link:http://www.dsij.in/productattachment/BrokerRecommendation/KMB.pdfSource: Dalal Street investment Journalwww.dsij.in