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-Indian court to hear Kotak Bank's promoter dilution plea in March

Jan 17, 2019 - Global Banking News

Global Banking News - 17 January 2019

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The Reserve Bank of India (RBI) had asked the bank to dilute its promoter shareholding to 20 percent of its paid-up voting equity capital by December 31, 2018 and to 15 percent by March 31, 2020.

The Bombay High Court in India has said that it has adjourned until March 12 the hearing on private sector lender Kotak Mahindra Bank's plea challenging the central bank's directive asking it to ...