Company: Kotak Mahindra Bank Ltd. Category: Company News

Kotak Mahindra Bank has revised downwards the marginal cost of funds-based lending rate by up to five basis points. The revised rates will be effective from Friday.
Feb. 28, 2019, 1:20 p.m.

As on December 31, 2018, Kotak held 29.72 per cent stake in the bankRBI had earlier asked the lender to pare promoter Uday Kotak's shareholding down gradually to 15% by March 31, 2020
Feb. 26, 2019, 4:59 p.m.

ING Mauritius Investments I Ltd. offloaded 58.7mn shares in Kotak Mahindra for Rs1,225 each, raising Rs7,190cr ($1bn), people familiar with the matter said, asking not to be identified as the details arent public.
Feb. 22, 2019, 7:06 p.m.

The offer price will be at 3-5% discount to Thursdays closing price, as per media reports.
Feb. 22, 2019, 8:31 a.m.

Kotak Mahindra Bank moved Bombay HC after the central bank rejected Kotak's plan to reduce his stake in the bank through an issue of preference shares.
Jan. 17, 2019, midnight

The regulator’s focus on ownership caps is a distraction from its more important supervisory responsibilities.
Jan. 10, 2019, 10:26 a.m.

Bombay High Court refuses to stay RBI’s Dec 31 deadline
Dec. 17, 2018, 9:37 p.m.

Kotak Bank’s counsel pleaded to the court to direct the RBI from taking any coercive steps till next date of hearing, which is Jan 17
Dec. 17, 2018, 9:58 a.m.

Kotak Mahindra Bank shares declined as much as 3.2% to hit a low of ₹1,215.10 per share
Dec. 17, 2018, 7:13 a.m.

Kotak Mahindra Bank has filed a writ petition against RBI for forbidding the bank to reduce promoter shareholding to the mandated level by issuing perpetual non-convertible preference shares
Dec. 10, 2018, 8:06 a.m.