F&O Contract Adjustment for BANKINDIA Dividend - Bank of India Rs 4.65 Dividend

Description

NSE announces adjustment of Futures and Options contracts for BANKINDIA (Bank of India) due to dividend of Rs 4.65 per share with ex-date of May 29, 2026. Members must load updated contract files before trading on the ex-date.

Summary

NSE has announced the adjustment of Futures and Options contracts for the security BANKINDIA (Bank of India) in accordance with SEBI guidelines on corporate action adjustments. The adjustment is triggered by a dividend of Rs 4.65 per share (face value Rs 10) with an ex-date of May 29, 2026. Revised option strike prices and futures base prices will be communicated one day prior to the ex-date.

Key Points

• Symbol BANKINDIA (Bank of India) has declared a dividend of Rs 4.65/- per share on face value of Rs 10/-
• Ex-date and effective date for the corporate action: May 29, 2026
• Revised option strike prices will be provided one day prior to the ex-date
• Adjusted strike/futures base prices and lot sizes may appear in decimal places and will be rounded to the nearest tick size; lot size rounded to the nearest integer
• Updated details will be available in the latest contract.gz file and MII contract/spread files
• Members must load updated contract files on their trading applications before trading on the ex-date

Regulatory Changes

Adjustments are being made pursuant to SEBI guidelines on corporate action adjustments for Futures and Options contracts. The methodology for position adjustments will be separately intimated by the respective Clearing Corporation.

Compliance Requirements

• Members must load the updated contract.gz / MII contract file (NSE_FO_contract_ddmmyyyy.csv.gz) and spread file (NSE_FO_spdcontract_ddmmyyyy.csv.gz) on their trading applications before trading commences on the ex-date (May 29, 2026)
• Updated files can be obtained from the directory faoftp/faocommon on the Extranet server
• MII contract and spread files are also available on the NSE website at: https://www.nseindia.com/all-reports-derivatives
• Members should monitor NSE communications for the revised option strike prices and adjustment details, which will be released on May 28, 2026 (one day prior to ex-date)

Important Dates

Impact Assessment

This is a routine but operationally important adjustment affecting all market participants holding or trading BANKINDIA Futures and Options contracts. The dividend of Rs 4.65 per share represents a 46.5% payout on face value, which is significant and will result in material adjustments to option strike prices and futures base prices. Traders with open positions in BANKINDIA derivatives should:

1. Anticipate changes to strike prices and lot sizes effective May 29, 2026
2. Ensure trading systems are updated with the revised contract files before market open on the ex-date
3. Await position adjustment methodology from the Clearing Corporation
4. Review adjusted contract details available at: https://www.nseindia.com/products-services/equity-derivatives-corporate-actions-adjustments

Impact Justification

Affects all traders holding BANKINDIA F&O positions; requires action to load updated contract files before ex-date trading but is a routine dividend-driven adjustment.