NEW DELHI: The Bombay high court resumes hearing the case between Kotak Mahindra Bank and the Reserve Bank of India on Monday (April 1). Overshadowed by the attention on the general elections, the happenings in Mumbai could be crucial to India’s banking industry — and thus the economy.

What’s it about? The Kotak family owns over 30% stake in the bank, but RBI has certain rules that limit promoter holdings in the bank. The central bank had asked promoters to bring down their stake to …
Banking Industry News


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