The RBI had directed the bank to dilute the promoter#39;s shareholding from around 30 percent to a maximum of 20 percent of its paid-up voting equity capital by December 31, 2018 and to 15 percent by March 31, 2020.Bombay High Court asks Kotak Mahindra Bank promoters to file affidavit on RBI directive on equity dilution
The RBI had directed the bank to dilute the promoter#39;s shareholding from around 30 percent to a maximum of 20 percent of its paid-up voting equity capital by December 31, 2018 and to 15 percent by March 31, 2020.
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