RBI Accepted to cut the promoter’s Voting rights at 20% :Kotak Mahindra Bank

Kotak Mahindra Bank said that the RBI has now accepted to cut the promoters voting rights in the bank to 20% of paid-up voting equity share capital (PUVESC) until March 31, 2020. Thereafter, the promoters will have 15% voting rights. And within six months from the date of final approval of the RBI, the promoters’ … Read more RBI Accepted to cut the promoter’s Voting rights at 20% :Kotak Mahindra Bank