Clues by Admin • 10 Dec 2018, Monday
Share price of Kotak Mahindra Bank fell by as much as 7.3% after it filed a writ petition against the RBI for forbidding the private lender to reduce its promoter holding to under 20% by issuing perpetual non-convertible preference shares (PNCPS). The ... Continue Reading
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Clues by Admin • 28 Nov 2018, Wednesday
Kotak Mahindra Bank’s promoters face an uphill task to reduce their stake from the present 30.02% to just below 20% by December end to comply with RBI guidelines. The bank had raised Rs 500 crore through issue of crore perpetual non-cumulative ... Continue Reading
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