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Kotak Mahindra Bank gets compliance with promoter stake reduction requirement

11 Aug 2020 Evaluate

Kotak Mahindra Bank has achieved compliance with the RBI norms in respect of dilution of promoter Uday Kotak's shareholding. The bank was required to bring down the promoter's shareholding to 26 per cent.

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 703.80
ICICI Bank 1357.00
Axis Bank 1243.90
Kotak Mahindra Bank 440.80
Indusind Bank 876.25
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