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News Topical, Digital Desk : Stock Split News: Kotak Mahindra Bank shares are trading higher on Monday, November 17th. This is largely due to the bank's board meeting, which is scheduled to decide on a stock split. This decision is significant because the bank is considering a stock split for the first time in 15 years. The last stock split occurred in 2010.

The last stock split was in 2010.
In September 2010, Kotak Mahindra Bank split one equity share (face value ₹10) into two equity shares (face value ₹5). This is the first and so far the last stock split in the bank's history. 

Bonus shares were also issued. The bank has not only conducted stock splits but also issued bonus shares to reward shareholders. In July 2015, Kotak Mahindra Bank announced a 1:1 bonus issue, one bonus share for every one outstanding share. Furthermore, the bank has declared dividends 10 times out of 11 financial years since 2015. Except for 2020 (the COVID year), the bank paid dividends to its investors every year. As per records, the bank had first declared a dividend of ₹1.8 per share on June 25, 2001. Barring a six-year gap between 2002 and 2008, the bank has consistently delivered returns to shareholders .


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