Why did Kotak Mahindra Bank shares fall over 6% today?

The shares of Kotak Mahindra Bank fell over 6% to ₹1,751 apiece on the NSE on Monday following the bank's Q2 results. The bank's asset quality deteriorated, with the gross non-performing asset ratio widening to 1.49% as of September 30, compared to 1.39% in the previous quarter. Fresh slippages rose to ₹1,875 crore from ₹1,358 crore a quarter ago.