Posted inIndia, South Asia

India’s Kotak Mahindra Bank shares dip after RBI strictures

The shares of India’s second largest private bank by market capitalization Kotak Mahindra Bank dropped nearly 3% in early trade after Reserve Bank of India (RBI) rejected the way the bank promoter Uday Kotak diluted his stake. At 11.33 am it was trading at 1,253.10 rupees (down 3.04%) in the National Stock Exchange, after opening […]

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