StockWatch
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Private Sector Bank
Dividend2 May 2026, 03:30 pm

Kotak Bank Recommends ₹0.65 Dividend Per Share

AI Summary

The Board of Directors of Kotak Mahindra Bank Limited has recommended a dividend of ₹0.65 per equity share with a face value of ₹1 each, from the net profits of the financial year ending March 31, 2026. This recommendation is subject to the approval of the members at the upcoming Annual General Meeting (AGM). The date of the AGM, the record date for dividend eligibility, and the dividend payout date will be announced later. The board meeting, which commenced at 10:00 a.m. (IST), concluded the dividend discussion at 1:45 p.m. (IST).

Key Highlights

  • Kotak Mahindra Bank recommends a dividend of ₹0.65 per share.
  • Dividend is subject to shareholder approval at the AGM.
  • Record date and payout date will be announced in due course.
  • Decision was made during a board meeting held on the same day.