Kotak Mahindra Bank board approves 5-for-1 stock split

Kotak Mahindra Bank approves stock split.

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26 Aug, 2025 12:21

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Kotak Mahindra Bank on Friday said its board has approved a 5-for-1 stock split.

In a stock exchange filing, the private sector lender said the board cleared the sub-division of one equity share of face value Rs 5 each, fully paid-up, into five equity shares of face value Re 1 each, fully paid-up.

The company first disclosed its plan to consider a stock split after the market hours on November 14. Following the announcement, the stock gained about 2 percent in Monday’s trading session.

The bank last carried out a stock split in 2010, when the face value was reduced from Rs 10 to Rs 5. It also issued bonus shares in a 1:1 ratio in 2015.

The bank, which completed 40 years of operations this month, said it seeks to make its shares more affordable and boost participation from retail investors.

A stock split increases the number of outstanding shares and improves liquidity by making the stock more accessible to investors.

The country's largest private sector lender last announced a stock split in 2019, while ICICI Bank split its shares in 2014, according to exchange data.

Shares of Kotak Mahindra Bank settled lower at Rs 2086.50 per share on the BSE, down 0.51 percent.

Kotak's shares have risen about 17 percent so far this year, compared to gains of 13 percent for HDFC Bank and 7 percent for ICICI Bank. The Nifty bank index is up 16 percent.

The bank reported a 2.7 percent year-on-year fall in its standalone net profit to Rs 3,253 crore in the second quarter of the current financial year. In a year ago period, net profit stood at Rs 3,344 crore.

Net Interest Income (NII) for Q2FY26 increased to Rs 7,311 crore, up 4 percent YoY from Rs 7,020 crore in Q2FY25. Net Interest Margin (NIM) was 4.54 percent for Q2FY26. Cost of funds was 4.70 percent for Q2FY26.