Kotak Mahindra Bank board to consider stock split next week

Kotak Mahindra Bank board to consider stock split on November 21.

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26 Aug, 2025 12:21

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Kotak Mahindra Bank on Friday said its board will meet next week to consider a proposal for a stock split.

In a filing to the stock exchanges, the bank said a meedting of the Board of Directors will convene on November 21, 2025, to consider, among other matters, the sub-division of its equity shares with a face value of Rs 5 each, fully paid-up.

The manner of the proposed split will be decided by the board, the company said.

The private lender 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.

Net Advances increased 16 percent YoY to Rs 462,688 crore as at September 30, 2025 from Rs 399,522 crore as at September 30, 2024.

Shares of Kotak Mahindra Bank ended marginally higher on the NSE at Rs 2,082.80, up 0.37 per cent.

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