Kotak Mahindra Bank to implement 1:5 stock split and appoint Anup Kumar Saha as Whole-time Director

Kotak Mahindra Bank has outlined two key developments for investors and stakeholders. The Board has cleared a 1:5 stock split effective with a record date of January 14, 2026. The Bank has also announced the appointment of Anup Kumar Saha as Whole-time Director, subject to regulatory approvals.

From January 12, 2026, Anup will serve as Whole-time Director (Designate) and join the senior management team. Anup will oversee Kotak Mahindra Bank’s consumer banking business, marketing function and data analytics units. The Bank expects this structure to deepen leadership capacity and sharpen its focus on customer-centric strategy and digital initiatives.

To improve share affordability and liquidity for regular investors, Kotak Mahindra Bank is executing a stock split after a gap of 15 years. Each existing equity share with a face value of Rs 5 will be subdivided into five equity shares with a face value of Re 1 each, fully paid-up.

The stock split will lead to an adjustment in the market price, which is expected to move to nearly one-fifth of the pre-split level. The economic value of each investor’s total holding will remain unchanged, but the lower per-share price may aid trading volumes and widen retail participation in the counter.

The Bank detailed the proposal in its corporate communication to the exchanges. "The Board of Directors of Kotak Mahindra Bank Limited ("Bank") has, at its meeting held on November 21, 2025, approved Sub-division ("split") of existing equity share of the Bank, as follows, subject to the approval of the shareholders and any regulatory / statutory approvals, as may be required, including the Reserve Bank of India: Sub-division of 1 (One) existing equity share of the Bank having face value of Rs. 5/- (Rupees Five only) each, fully paid-up, into 5 (Five) equity shares of the Bank having face value of Re. 1/- (Rupee One only) each, fully paid-up," said Kotak Mahindra Bank in a stock exchange filing.

Following receipt of all required clearances, Kotak Mahindra Bank specified the timetable for the split. "After having received the approval / confirmation of the Reserve Bank of India (RBI) and the shareholders of the Bank, the Bank has fixed Wednesday, January 14, 2026 as the 'Record Date' to determine the shareholders whose equity shares will be so sub-divided," Kotak Mahindra Bank has further informed in a regulatory filing.

Key structural details of the Kotak Mahindra Bank stock split are set out below.

Parameter	Pre-split	Post-split
Face value per share	Rs 5	Re 1
Number of shares	1 share	5 shares
Record date	January 14, 2026
Regulatory approvals	RBI and shareholders’ approval received

Leadership background, strategy and Kotak Mahindra Bank stock split context

Anup brings experience across retail finance and digital strategies to Kotak Mahindra Bank. At Bajaj Finance, Anup served as Managing Director for more than eight years. During this period, Anup focused on technology-led customer engagement, corporate transformation and product expansion across segments, helping build a client base of 100 million customers.

Under Anup at Bajaj Finance, the company grew into one of the largest and most profitable non-banking financial companies in India’s consumer finance space. Earlier, Anup spent 14 years in senior leadership roles at ICICI Bank. That tenure involved responsibility across consumer and retail banking, data analytics and digital transformation programmes.

Senior leaders at Kotak Mahindra Bank highlighted how Anup’s appointment aligns with the Bank’s strategic direction. CS Rajan, Chairman of the Board, Kotak Mahindra Bank said, "We are delighted to welcome Anup to Kotak's Board. His leadership in scaling businesses, driving digital transformation and building customer-centric organizations will be invaluable as we continue to strengthen our position in the financial sector."

Managing Director and Chief Executive Officer Ashok Vaswani linked the leadership addition to Kotak Mahindra Bank’s broader franchise ambitions. Ashok Vaswani, MD & CEO, Kotak Mahindra Bank added, "Anup's appointment underscores Kotak's commitment to building a market-leading financial services business and a strong bench of experienced leaders. His extensive understanding of retail finance, data-driven growth and innovation will help us accelerate our strategy and deliver even greater value to our customers."

Anup expressed alignment with the Group’s long-term agenda and customer focus. "I am excited and honored to join Kotak, one of India's most trusted financial services conglomerates. I look forward to working with the leadership team to build on this strong foundation, drive innovation, deepen customer relationships and create value for all stakeholders," said Anup Kumar Saha.

Kotak Mahindra Group, founded in 1985, operates as a diversified financial services group with presence across customer segments and geographies. Its offerings span banking and lending, capital markets, asset management and protection products. As of September 30, 2025, the Group reported a total balance sheet size of Rs 9.1 trillion and a branch network of 5,511 locations across India.

For finance readers, the Kotak Mahindra Bank moves combine structural and leadership changes. The stock split aims to widen retail access and liquidity, while Anup’s appointment targets deeper capabilities in consumer banking and analytics. These steps sit within the Group’s multi-decade expansion across banking, capital markets, investment and protection franchises in India.