Kotak Mahindra Bank showed improvement in asset quality. (Photo: Shubhayan Bhattacharya/ NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Kotak Mahindra Bank Ltd.'s board of directors will consider the sub-division or split of existing fully paid-up equity shares, according to an exchange filing on Friday.

The bank's board will meet on Nov. 21, to consider the split of shares having the face value of Rs 5 apiece.

In the past, the bank has split its shares at least five times in the years 2000, 2004, 2005, 2010, and 2015.

A stock split is a corporate action where a company increases the number of outstanding shares by reducing the face value per share. This typically enhances liquidity as the stock price adjusts accordingly. While the number of shares increas

See Full Page