Private sector lender Kotak Mahindra Bank today said its consolidated net profit for the fourth quarter of 2008-09 declined by 12.26 per cent to Rs 210.66 crore over the same period last year.
The company had a net profit of Rs 240.10 crore for the same quarter ended March 2008, Kotak Mahindra Bank said in a filing to the Bombay Stock Exchange.
Total income of the bank rose to Rs 1,133.21 crore for the quarter under review, from Rs 758.26 crore for the same quarter previous fiscal.
For the year ended March 31, the company has posted a net profit of Rs 652.38 crore, down 34.18 per cent from Rs 991.22 crore for the same period corresponding fiscal.
The board of directors of the bank has proposed a dividend of Rs 0.75 a piece to the shareholders.
In a separate filing to the BSE, the bank has informed that it has appointed Shishir Bajaj as an additional director on the board of the bank.
