A customer enters a branch of HDFC Bank, left, beside an advertisement for Kotak Mahindra Bank in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Kotak Mahindra Bank Fracas Revives Bank Ownership Debate

When Uday Kotak proposed to reduce promoter holding in the bank which bears his name using preference shares rather than bringing down his share of common equity, banking sector watchers raised the...

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