Finance Kotak Mahindra Bank 'achieves compliance' with promoter stake reduction requirement Updated : August 10, 2020 07:46 PM IST Earlier in February this year, the bank had informed that the RBI had given its approval in relation to dilution of promoters' shareholding in the bank. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.