RBI warns yielding to Kotak bank’s plea in stake case will undermine its authority

Kotak Mahindra Bank’s legal petition against the Reserve Bank of India’s objection to the method used by the founder to pare his stake in the lender, if granted, would weaken its regulatory authority, according to the RBI.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2T4iIGi