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What is the story about?
Shares of Mumbai-based private lender Kotak Mahindra Bank Ltd. are trading with gains on Monday, November 17, ahead of the lender's board meeting to consider a stock split.
This will be the first stock split that the lender's board will be approving after 15 years, with the last one being in 2010.
Back in September 2010, Kotak Mahindra Bank's board had approved the split of one equity share of face value of ₹10 into two equity shares of face value of ₹5 each.
Apart from the stock split, Kotak Mahindra Bank has also rewarded shareholders through a bonus issue of shares.
Back in July 2015, Kotak Mahindra Bank's board had approved the issue of one bonus share for every one share held by shareholders as on the record date.
In addition to that, in the past 11 fiscal cycles, starting from 2015, the lender has issued dividends on 10 occasions, in 10 calendar years, barring the exception of the pandemic-hit 2020.
Kotak Mahindra Bank first paid dividend on June 25, 2001, based on records available on the BSE, with a dividend amount of ₹1.8 per share for its shareholders. Barring a gap of 6 years between 2002 and 2008, Kotak Bank has consistently issued dividends to its shareholders.
For the September quarter, Kotak Mahindra Bank reported a 4% growth in its standalone Net Interest Income (NII) to ₹7,311 crore, while the net profit declined buy 3% from last year. Its advances and deposits also grew in double digits from the same quarter last year.
The bank's asset quality improved, with net NPA declining to ₹1,491 crore from ₹1,531 crore sequentially. The gross NPA ratio stood at 1.39%, while the net NPA ratio was 0.32%, compared with 1.48% and 0.34%, respectively, in the previous quarter.
A total of 43 analysts cover the private bank, in which 67.4% or 29 analysts have a 'Buy' rating, 10 or 23.3% have a 'Hold' rating, and 4 analysts have a 'Sell' rating.
Shares of Kotak Mahindra Bank are trading 1.3% higher on Monday at ₹2,106.7. The stock is down 5% in the last one month, but has gained 18% so far in 2025.
This will be the first stock split that the lender's board will be approving after 15 years, with the last one being in 2010.
Previous Stock Split
Back in September 2010, Kotak Mahindra Bank's board had approved the split of one equity share of face value of ₹10 into two equity shares of face value of ₹5 each.
Rewarding Via Bonus
Apart from the stock split, Kotak Mahindra Bank has also rewarded shareholders through a bonus issue of shares.
Back in July 2015, Kotak Mahindra Bank's board had approved the issue of one bonus share for every one share held by shareholders as on the record date.
In addition to that, in the past 11 fiscal cycles, starting from 2015, the lender has issued dividends on 10 occasions, in 10 calendar years, barring the exception of the pandemic-hit 2020.
Kotak Mahindra Bank first paid dividend on June 25, 2001, based on records available on the BSE, with a dividend amount of ₹1.8 per share for its shareholders. Barring a gap of 6 years between 2002 and 2008, Kotak Bank has consistently issued dividends to its shareholders.
Recent Quarterly Results
For the September quarter, Kotak Mahindra Bank reported a 4% growth in its standalone Net Interest Income (NII) to ₹7,311 crore, while the net profit declined buy 3% from last year. Its advances and deposits also grew in double digits from the same quarter last year.
The bank's asset quality improved, with net NPA declining to ₹1,491 crore from ₹1,531 crore sequentially. The gross NPA ratio stood at 1.39%, while the net NPA ratio was 0.32%, compared with 1.48% and 0.34%, respectively, in the previous quarter.
A total of 43 analysts cover the private bank, in which 67.4% or 29 analysts have a 'Buy' rating, 10 or 23.3% have a 'Hold' rating, and 4 analysts have a 'Sell' rating.
Shares of Kotak Mahindra Bank are trading 1.3% higher on Monday at ₹2,106.7. The stock is down 5% in the last one month, but has gained 18% so far in 2025.
