Kotak Mahindra Bank Stock Split to be Approved on November 21: What Investors Need to Know?

Kotak Mahindra Bank shares are in the spotlight on November 20, 2025, as investors await the outcome of the lender’s board meeting scheduled for November 21, where a stock split will be considered. If approved, this will mark the bank’s first stock split in 15 years, the previous one dating back to 2010.

Kotak Mahindra Bank said in an exchange filing, “We wish to inform you pursuant to the provisions of Regulation 29(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 that a meeting of the Board of Directors of the Bank would be held on Friday, November 21, 2025 to, inter alia, consider a proposal for sub-division (split) of the existing equity shares of the Bank having face value of Rs. 5/- each, fully paid-up, in such manner as may be determined by the Board of Directors.”

Previous Stock Split

In September 2010, Kotak Mahindra Bank’s board approved splitting one equity share with a face value of ₹10 into two equity shares with a face value of ₹5 each, effectively doubling the number of shares in circulation while keeping the overall value unchanged.

Dividend History

Kotak Mahindra Bank has shown a consistent pattern of rewarding shareholders through dividends over the years. In July 2025, the bank declared a dividend of ₹2.50 per share, marking its most recent and highest payout in the period listed. This followed a dividend of ₹2.00 per share in July 2024, reflecting steady growth in shareholder returns.

In earlier years, the bank announced dividends of ₹1.50 in August 2023, ₹1.10 in August 2022, and ₹0.90 in August 2021. The increasing trend highlights the bank’s improving financial performance and its commitment to sharing profits with investors.

Bonus History

In its bonus issuance record, Kotak Mahindra Bank last announced a 1:1 bonus issue on July 8, 2015. Interestingly, two entries appear for the same date with the same 1:1 ratio, indicating either a duplicate reporting or reaffirmation of the same issuance. A 1:1 bonus meant that shareholders received one additional share for every share they held, effectively doubling the number of shares in their portfolio while maintaining overall value.

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