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Jun 27, 2012, 11.31 AM IST
RBI asks Kotak Mahindra Bank promoter's to bring down stake to 20% by March 31, 2018.
Kotak Mahindra Bank Ltd has informed BSE that the Reserve Bank of India has advised the Bank that the promoter shareholding, currently at 45.21%, be brought down to 20% by March 31, 2018. It has also indicated it will take a view on dilution over the next two years thereafter, from 20% to 10% or such other percentage depending upon the prescription of promoter holding in the new bank guidelines.Source : BSE
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