Karnataka Bank, Kotak Mahindra deny merger

Kotak Mahindra Bank has filed a clarification to the stock exchanges denying the rumour on its takeover of Karnataka Bank.

Karnataka Bank has also issued a statement to the exchanges that it denied the news of its merger with any other bank.

The news of the merger appeared in a newspaper with the headline ‘Takeover buzz lifts Karnataka Bank’.

Source: thehindubusinessline