Published on 03/05/2025 02:17 PM
Kotak Mahindra Bank Q4 Results: Kotak Mahindra Bank announced its January to March quarter results on Saturday, May 3. The institutional lender recorded a 14 per cent fall in its net profits to ₹3,552 crore due to the increase in provision for bad loans in the quarter ended March 31, 2025, compared to ₹4,133 crore in the same period a year ago.
Kotak Mahindra Bank's board of directors also announced a dividend issue along with its fourth quarter results. As per the filing data, the institutional lender will issue a dividend of ₹2.5 apiece to the eligible shareholders.
“The Board of Directors of the Bank have proposed a dividend of ₹2.50 per share having a face value ₹5.00 for the year ended 31 st March, 2025 {Previous Year ₹2.00 per share),” said the bank in the official filing.
However, the company did not disclose the record date of the issue, but assured investors that the dividend will be paid after the approval from the shareholders at the upcoming annual general meeting.
“Dividend will be paid after the approval of the shareholders at the Annual General Meeting,” said Kotak in the BSE filing.
(This is a breaking story. The story will be updated soon)
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