RBI vs Kotak: A fight that could change India's banks

The Kotak family owns over 30% stake in the bank, but RBI has certain rules that limit promoter holdings in the bank. The central bank had asked promoters to bring down their stake to under 20% by December 30, 2018, and to 15% by March 2020, and then under 10% later on in line with the guidelines for new bank licences

from Times of India https://ift.tt/2uDSsJe
The Kotak family owns over 30% stake in the bank, but RBI has certain rules that limit promoter holdings in the bank. The central bank had asked promoters to bring down their stake to under 20% by December 30, 2018, and to 15% by March 2020, and then under 10% later on in line with the guidelines for new bank licences https://ift.tt/eA8V8J April 01, 2019 at 02:50PM https://ift.tt/2hJjhqE