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Kotak Mahindra Bank announces 1:5 stock split

Business

Kotak Mahindra Bank just revealed a 1:5 stock split on its 40th anniversary, meaning every share you own will soon turn into five.
The goal? Make shares more affordable for everyone and encourage more everyday investors to join in.
This is the first time Kotak has done a stock split since 2010.

What else to know

The exact date for the split isn't out yet, but Kotak is updating its official documents to make it happen.
The bank's been doing well—market cap stands at ₹4.15 lakh crore, and Q2 profits hit ₹3,253 crore with shares up nearly 16% this year.
Analysts have mixed feelings: some say the move could boost retail interest, while others are cautious about future growth compared to rivals.