Kotak Mahindra Bank shares rise over 1% ahead of board meet to consider stock split

Kotak Mahindra Bank shares rise ahead of board meet. 

Kotak Mahindra Bank shares rose over 1 percent on Monday, days after the private sector lender said its board would meet on November 21 to consider a stock split.

The stock gained 1.1 percent to Rs 2,103.10 on the NSE. It has advanced for two consecutive sessions.

The bank has not yet fixed the record date for the proposed split.

Kotak Mahindra Bank last undertook a stock split in 2010, when the face value was reduced from Rs 10 to Rs 5. In 2015, it issued bonus shares in a 1:1 ratio.

A stock split increases the number of outstanding shares and typically improves liquidity by making the stock more affordable for investors.

Kotak Mahindra Bank board to consider stock split

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.

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.

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