2 min read.Updated: 18 Dec 2018, 11:13 AM ISTMaulik Vyas
Uday Kotak now has two weeks to comply with the RBI order on cutting promoter shareholding of Kotak Mahindra Bank or face penal action
Mumbai: The Bombay high court has declined to stay a directive of the Reserve Bank of India (RBI) to the promoters of Kotak Mahindra Bank Ltd, including its billionaire owner Uday Kotak, to lower their stake in the bank by 31 December.
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