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Kotak Bank to trim promoter shareholding to 15% by March 2020

01 Feb 2017 Evaluate

Kotak Mahindra Bank has received a communication from the Reserve Bank of India (RBI) to bring down its promoter shareholding to 30% by June 30, 2017; 20% by December 31, 2018 and 15% by March 31, 2020.

Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.



Peers
Company Name CMP
HDFC Bank 722.40
ICICI Bank 1359.00
Axis Bank 1243.95
Kotak Mahindra Bank 414.90
Indusind Bank 945.05
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