RBI forms group to review ownership for private banks

The development gains significance in light of the year-long legal battle which ended in January this year, with the RBI allowing Uday Kotak, the promoter of Kotak Mahindra Bank, to bring his stake down to 26% by August 2020 while capping his voting rights at 15%.

from The Financial Express https://ift.tt/2zrmFRy
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