Kotak Mahindra Bank has received an approval to increase the ceiling limit for investment by FIIs/ subaccounts of FIIs, FPIs, QFIs, NRIs and PIOs in the equity share capital of the bank, from 40% to 42%. The Board of Directors of the Bank has approved for the same, subject to statutory / regulatory approvals as may be necessary.
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.
