NIFTY 50

Bombay High Court refuses interim relief for Kotak Mahindra Bank: Here's what experts have to say

Updated : December 17, 2018 09:43 PM IST

A division bench of justices B P Dharmadhikari and S V Kotwal directed the RBI to file its affidavit by January 17, 2019, on a petition filed by the Kotak Mahindra Bank against the dilution directive.
The bank had last week petitioned the high court challenging a letter dated August 13, 2018, of the RBI, directing it to dilute its promoter shareholding to 20 percent of its paid-up voting equity capital.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV