Kotak Mahindra Bank FY06 net up three-fold

 Consolidated net profit for Q4FY06 is Rs 518.10 crore as compared to Rs 64.28 crore for Q4FY05. Consolidated total income increased to Rs 1251.73 crore for Q4FY06 from Rs 715.59 crore in Q4FY05, the release said.

The Bank has recommended a dividend of 6%, the release added.

In an official statement today, Uday Kotak, executive vice chairman & managing director of Kotak Mahindra Bank, said: "We have completed three years as a commercial bank. Our results reflect the strength of an integrated business model. Strong foundations are in place to build a world class financial institution from India."