Kotak Mahindra Bank revises authorized share capital to ₹1,900 Crore
Kotak Mahindra Bank Limited has announced an amendment to the Capital Clause of its Memorandum of Association (MOA). Following approvals from the Reserve Bank of India and the Bank's members, the aut...
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Why is Kotak Mahindra Bank Limited in the news today?
Kotak Mahindra Bank Limited (KOTAKBANK) is in the news due to the announcement is a routine regulatory filing regarding an amendment to the bank's authorized share capital, with no immediate financial implications mentioned.
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Kotak Mahindra Bank revises authorized share capital to ₹1,900 Crore
December 27, 2025, 09:07 AM
Top Queries to Ask About Kotak Mahindra Bank Limited
Kotak Mahindra Bank Limited has announced an amendment to the Capital Clause of its Memorandum of Association (MOA).
Following approvals from the Reserve Bank of India and the Bank's members, the authorized share capital has been revised. The existing Clause V of the MOA has been substituted. The new authorized share capital is ₹1,900 crore (Rupees One Thousand Nine Hundred Crore Only), comprising 1400 crore equity shares of Re. 1 each and 100 crore preference shares of Rs. 5 each.
The Bank retains the power to alter its capital, including increasing, reducing, or canceling it, and attaching special rights or conditions as determined by the Articles of Association and relevant legislative provisions. However, the subscribed capital must not be less than half of the authorized capital, and the paid-up capital must not be less than half of the subscribed capital. Any increase in capital must comply with RBI-stipulated conditions within two years.
This intimation follows previous letters dated November 21, 2025, and December 27, 2025. The announcement is also available on the Bank's investor relations website.
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