Kotak Mahindra Bank Ltd.

Kotak Mahindra Bank will seek shareholders’ approval to raise foreign investment limit to up to 49 percent from existing 42 percent. The board of directors meeting held on March 17, 2017 granted consent to seek approval of shareholders to increase ceiling on total shareholding of Foreign Institutional Investors (FIIs)/Foreign Portfolio Investors (FPIs) to up to 49 percent of the paid-up equity 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.