Kotak Mahindra Bank Limited - Updates

13 Jan 2022 , 12:00 AM

Kotak Mahindra Bank Limited has informed the Exchange that, as an update to our disclosure dated January 30, 2020, please note that the Board of Directors of the Bank has taken note of the RBI s press release and guidance dated November 26, 2021 accepting the recommendation in relation to raising the cap of promoters stake in banks to 26% of paid-up voting equity share capital, and passed a resolution permitting the promoters voting rights in the Bank to be capped at 26% going forward..