RBI says Uday Kotak’s stake dilution in Kotak Mahindra Bank does not meet its norms

The Reserve Bank today said the recent stake dilution by Kotak Mahindra Bank founder Uday Kotak does not meet its regulatory norms on the same, something the private sector lender contested.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2vKbePQ