Stock Split: Kotak Mahindra Bank to consider first such proposal after 15 years

Mumbai-based private lender Kotak Mahindra Bank will hold a board meeting on Friday, November 21, to consider a split of its equity shares.

Kotak Mahindra Bank shares currently have a face value of ₹5. The company had earlier carried out a stock split and issued bonus shares to its shareholders.

Record date for the stock split is yet to be determined.

In 2010, Kotak Mahindra Bank split its shares, reducing the face value from ₹10 to ₹5. In 2015, the lender also issued bonus shares in a 1:1 ratio.

A stock split is generally considered by a company to increase its outstanding shares, and also improve trading liquidity by making the stock more affordable to its shareholders.

Last month, Kotak Mahindra Bank reported its September quarter earnings, where standalone net profit stood at ₹3,253 crore, down 2.7% year-on-year. The bank's consolidated net profit, which includes subsidiaries, stood at ₹4,468 crore.

The bank's net interest income rose 4% on-year to ₹7,311 crore, while the net interest margin remained at 4.54%.

Operating profit rose 3% YoY to ₹5,268 crore.

Provisions during the quarter were ₹947 crore, and the lenders asset quality improved, with gross non-performing assets at ₹6,480 crore, down from ₹6,638 crore in Q1 FY26.

Shares of Kotak Mahindra Bank ended higher at ₹2,082.80 on Friday, November 14. The stock is up 16% so far in 2025.