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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.
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