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RBI increases FII limit in Kotak Mahindra Bank to 42%

10 Mar 2017 Evaluate

Reserve Bank of India (RBI) has notified that Foreign Institutional Investors (FIIs)/Foreign Portfolios Investors (FPIs) can now invest from 40% to 42% of the paid up capital of Kotak Mahindra Bank, under the Portfolio Investment Scheme (PIS). Kotak Mahindra Bank has passed resolutions at its Board of Directors’ level and a special resolution by general body agreeing for enhancing the limit from 40% to 42% of the paid up capital of the bank.

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.

Kotak Mahindra Bank Share Price

423.30 7.10 (1.71%)
27-Aug-2026 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 712.00
ICICI Bank 1444.00
Axis Bank 1250.00
Kotak Mahindra Bank 423.30
Indusind Bank 970.00
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