Kotak Mahindra Bank Ltd.

BSE: 500247 | NSE: KOTAKBANK
Large Cap | Bank - Private
391.65
-1.35 (-0.34%)
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Kotak Mahindra Bank gets compliance with promoter stake reduction requirement

Date: 11-08-2020

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.