Kotak Mahindra Bank's stock split 5:1 on Jan. 14, 2026, lowering price to ~$5.20, boosting liquidity without changing value.

Kotak Mahindra Bank's shares dropped sharply on January 14, 2026, due to a 5:1 stock split, reducing the price from around Rs 2,132 to approximately Rs 425, with no change in market capitalization or shareholder value. The split, effective as the ex-date, increased shares outstanding fivefold, making them more affordable and liquid. The move, the bank’s second since 2010, aims to attract retail investors without altering fundamentals. Analysts maintain a 'buy' rating, citing strong deposit quality and risk management despite recent operational challenges.