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Kotak Mahindra Bank's Consolidated Profit Rises in Fiscal Q4

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-- Kotak Mahindra Bank's (NSE:KOTAKBANK, BOM:500247) consolidated profit after tax rose to 54.2 billion Indian rupees in the fiscal fourth quarter ended March 31, from 49.3 billion rupees a year ago.

Earnings per share came in at 5.45 rupees from 4.96 rupees a year earlier, according to a Saturday filing to the Indian stock exchanges.

Interest earned by the lender in fiscal Q4 increased to 178.3 billion rupees from 167.7 billion rupees a year ago.

The bank's board proposed a dividend of 0.65 rupees per share, having a face value of 1 rupee each, for the year ended March 31.

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