RBI Penalises Kotak Mahindra Bank For Not Meeting Ownership Guidelines
Uday Kotak, chairman of Kotak Mahindra Bank Ltd., reacts as he speaks at a summit (Photographer: Udit Kulshrestha/Bloomberg)

RBI Penalises Kotak Mahindra Bank For Not Meeting Ownership Guidelines

The Reserve Bank of India has levied a Rs 2-crore penalty on private lender Kotak Mahindra Bank Ltd. for not meeting the regulator’s bank ownership guidelines.In a statement on its website, the RBI...
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