Synopsis: Shares of Kotak Mahindra Bank plunged by 80% today after it adjusted for its stock split in the ratio 1:5, as earlier announced by the management, as it had fixed January 14 as the record date.
The shares of this leading bank, which is the third-largest private bank in India, as per market capitalisation, are in focus after it adjusted for its 1:5 stock split, which was earlier announced by its management. In this article, we will dive more into the details.
With a market capitalisation of Rs 4,22,882 crore, the shares of Kotak Mahindra Bank Ltd are currently trading at Rs 425.50 per share, down 0.20 percent from its previous day’s closing price of Rs 426.40 per share. Over the past five years, the stock has delivered a poor return of 13 percent, underperforming NIFTY 50’s return of 78 percent.
About the Adjustment
As of January 14, 2026 (today), Kotak Mahindra Bank shares have had their share price adjusted to reflect the stock split adjustment that occurred today. Currently, Kotak Mahindra Bank share prices are trading at Rs 425.25 per share, and any investor who held Kotak Mahindra Bank shares as of today automatically received the appropriate new number of shares posted to their demat account, while the total value of the investment remains the same.
Kotak Mahindra Bank earlier announced a stock split, citing that one share with a face value of Rs. 5 will be split into 5 equity shares with a face value of Rs. 1, with the record date being fixed at January 14, 2026.
For example, if you had 50 shares before the split, after the split, you’d have a total of 250 shares. The price per share also falls, so if one share was Rs 1000 before, now it’s around Rs 200. But your total investment remains the same.
The stock split will not change the fundamentals or the market capitalisation of Kotak Mahindra Bank; rather, it will decrease the price per share while at the same time it will increase the number of shares in circulation, thereby making the Kotak Mahindra Bank stock more affordable to individual investors and improving the liquidity of the shares being traded.
Financial and other highlights
The Net Interest Income (NII) from operations for Kotak Bank stands at Rs 7,311 crores in Q2 FY26 compared to Q2 FY25 NII of Rs 7,020 crores, up by 4 per cent YoY. Additionally, on a QoQ basis, it reported a growth of 0.7 percent from Rs 7,259 crore.
Coming down to its profitability, the company’s net profit stood at Rs 4,468 crore in Q2 FY26, down from Rs 5,044 crore in Q2 FY25, which is a decline of 11 percent YoY. Additionally, on a QoQ basis, it reported a net profit of Rs 4,472 crore, which is a slight decline of 0.08 percent.
Kotak Mahindra Bank is recognised as one of India’s leading private banks. Individuals and businesses depend on it for nearly everything—savings accounts, current accounts, a variety of loans (home, business, personal, car, even gold), as well as credit cards, debit cards, insurance, and investment solutions. The bank also emphasises digital banking. Established in 1985, its headquarters are in Mumbai.
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