Reserve Bank of India (RBI) has notified that the foreign share holding in Kotak Mahindra Bank by Foreign Institutional Investors (FIIs) under Portfolio Investment Scheme (PIS) has reached the trigger limit. Accordingly, further purchases of equity shares of this company would be allowed only after obtaining prior approval of the RBI.
Kotak Mahindra Bank is engaged in commercial banking, stock broking, mutual funds, life insurance and investment banking. The bank has an international presence through its subsidiaries with offices in London, New York, Dubai, Mauritius, San Francisco and Singapore that specialize in providing services to overseas investors seeking to invest into India.
Company Name | CMP |
---|---|
HDFC Bank | 1459.00 |
ICICI Bank | 1115.25 |
Axis Bank | 1124.95 |
Indusind Bank | 1403.50 |
Kotak Mahindra Bank | 1642.50 |
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