Thursday, April 5, 2012

RBI asks Kotak Mah Bank's promoters to cut stake to 10%

…..Every year RBI gives a regulatory exemption to promoters of Kotak Mahindra Bank when it comes to shareholding in the bank, but CNBC-TV18 learns from sources that RBI is putting some pressure on promoters to bring down their stake from their current 45% to 10% by 2016. This is in line with the existing bank license guidelines, which say that no entity can hold more than 10% in a private sector bank……….

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