Kotak Mahindra Bank: RBI accepts promoters’ voting rights to be capped at 20% by March – Livemint

The RBI had asked the bank to cut promoter shareholding to 20% of paid up capital by December 31, 2018.The lender in August 2018 had proposed perpetual non-cumulative preference shares (PNCPS) to cut promoter holding to 19.70% Read More