RBI Greenlights Kotak Mahindra Bank’s Strategic Stake Acquisitions in Key Financial Institutions
Regulatory Approval for Strategic Investment The Reserve Bank of India (RBI) has granted formal approval to Kotak Mahindra Bank to acquire a stake of up to 9.99% in three key Indian financial institutions: Federal Bank, AU Small Finance Bank, and J&K Bank. This regulatory clearance, issued in early May 2024, allows the private lender to…