Shares of Mumbai-based private lender Kotak Mahindra Bank Ltd. are trading with gains on Monday, November 17, ahead of the lender's board meeting to consider a stock split.

This will be the first stock split that the lender's board will be approving after 15 years, with the last one being in 2010.

Previous Stock Split

Back in September 2010, Kotak Mahindra Bank's board had approved the split of one equity share of face value of ₹10 into two equity shares of face value of ₹5 each.

Rewarding Via Bonus

Apart from the stock split, Kotak Mahindra Bank has also rewarded shareholders through a bonus issue of shares.

Back in July 2015, Kotak Mahindra Bank's board had approved the issue of one bonus share for every one share held by shareholders as on the record date.

In addition to that,

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