Kotak Mahindra Bank Ltd.

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.