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Kotak Mahindra Bank to Withdraw Case Against RBI, to Pare Promoter Stake to 26 Percent in Six Months

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Acting on suggestions from the private sector lender promoted by billionaire Uday Kotak, the Reserve Bank of India (RBI) had on Wednesday agreed to cap the promoter shareholding at 26 per cent of the paid-up voting equity share capital (PUVESC), the bank told stock exchanges.

from Top Business News- News18.com
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Kotak Mahindra Bank to Withdraw Case Against RBI, to Pare Promoter Stake to 26 Percent in Six Months Kotak Mahindra Bank to Withdraw Case Against RBI, to Pare Promoter Stake to 26 Percent in Six Months Reviewed by Team Exprssnews on January 30, 2020 Rating: 5

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