Kotak Mahindra Bank gets no High Court relief in RBI row; hearing adjourned to April 1

The bank had moved the court on December 10, 2018, challenging an RBI directive of August 13, 2018, which had directed it to dilute the promoter's shareholding from around 30 per cent to a maximum of 20 per cent of its paid-up voting equity capital by December 31, 2018 and to 15 per cent by March 31, 2020.

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