Kotak Mahindra Bank permits promoters voting rights be capped at 26Percentage

15 Jan 2022 , 01:34 AM

Kotak Mahindra Bank announced that the Board of the Bank has taken note of the RBIs press release and guidance dated 26 November 2021 accepting the recommendation in relation to raising the cap of promoters stake in banks to 26Percentage of paid-up voting equity share capital and passed a resolution permitting the promoters voting rights in the Bank to be capped at 26Percentage going forward