Kotak Bank has set Wednesday, January 14, 2026, as the record date for its upcoming 5:1 stock split, requiring investors to purchase shares by the end of trading today to be eligible for the corporate action. The stock will begin trading ex-split from January 14, 2026.

Stock Split Details

The bank will subdivide one existing equity share having a face value of ₹5.00 into five equity shares having a face value of ₹1.00 each. This corporate action increases the number of shares in circulation while reducing the face value per share, with no change in the overall investment value for shareholders.

According to Trendlyne data, this marks the second time Kotak Mahindra Bank is undertaking a stock split. The previous split occurred in September 2010, when the face value was revised from ₹10.00 to ₹5.00.

Impact on Shareholders

For shareholders, the 5:1 split means each existing share with face value of ₹5.00 will convert into five shares with face value of ₹1.00. A shareholder holding 50 shares before the split will see their holdings increase to 250 shares post-split.

The overall investment value remains unchanged immediately after the split, as the market price adjusts proportionally to reflect the increased number of shares.

Leadership Appointment

In a separate development, Kotak Mahindra Bank has appointed Anup Kumar Saha as Whole-time Director, subject to regulatory approvals. Until approvals are secured, Anup will serve as Whole-time Director (Designate) and join the senior management from January 12, 2026.

Anup previously served as Managing Director at Bajaj Finance, where he contributed to the company's transformation into one of India's leading NBFCs in consumer finance. His career includes 14 years at ICICI Bank in senior positions, developing expertise in:

• Consumer banking operations
• Retail finance management
• Analytics and data-driven strategies
• Digital transformation initiatives

At Kotak Mahindra Bank, Anup will oversee Consumer Banking, Marketing, and Data Analytics, supporting the bank's customer-centric strategies and digital growth initiatives. CS Rajan, Chairman of Kotak Mahindra Bank, highlighted that Anup's leadership experience in scaling businesses and driving digital transformation would be valuable as the bank strengthens its market position.

January 13 represents a crucial deadline for investors interested in kotak bank shares, as it marks the final trading session to purchase shares and qualify for the upcoming stock split. The bank is set to undergo its third stock split on Wednesday, January 14.

Stock Split Details

The subdivision will transform each existing share in a 1:5 ratio, as approved by the board in November. The split parameters are structured as follows:

Eligibility Requirements

Due to India's T+1 settlement cycle, investors must purchase shares at least one trading day before the record date to qualify for the stock split. The record date of January 14 determines which shareholders will receive the additional shares based on the split ratio.

Key timing considerations:

• Last day to buy: January 13
• Purchasing on January 14 will not qualify for the split
• Ownership must be reflected in records by the record date

Impact and Benefits

The stock split aims to enhance affordability and accessibility for retail investors. As a corporate action, the split increases the number of outstanding shares while reducing the face value per share proportionally. This typically enhances liquidity as the stock price adjusts accordingly, though the total value of existing shareholders' holdings remains unchanged.

Recent Leadership Development

Coinciding with the stock split, Kotak Mahindra Bank has confirmed the appointment of Anup Kumar Saha as Whole-time Director. Saha will initially serve as Designate Whole-time Director and part of Senior Management effective January 12, pending regulatory clearance. He previously served as Managing Director of Bajaj Finance for eight years at the non-banking financial company.