India's leading bank, Kotak Mahindra Bank has declared its financial results for the fourth quarter of the fiscal year 2009-10 and has managed to register an impressive net profit and revenue for the quarter. The Bank has managed to almost double its net profit this quarter.

The net profit of the firm has been reported to be Rs 203 crore for the quarter ended 31st March, 2010. It was recorded Rs 103 crore in the corresponding period of the preceding fiscal year. As per the sources the bank has managed to produce such a good show as it was being driven by low cost of funds this year.

However, while announcing its financial result the board of Kotak Mahindra Bank has also announced to split its shares. It has decided to double the number of shares of its investors. That means the split will be of 1:2. Now shares of the bank have a face value of Rs 10 each. The investors will receive two shares against their single share at Rs 5 each.