Shareholding7 May 2026, 03:59 pm
Kotak Bank Gets RBI Nod for Up to 9.99% Stake in City Union Bank
AI Summary
The Reserve Bank of India (RBI) has approved Kotak Mahindra Bank Limited's proposal to acquire up to 9.99% of the paid-up share capital or voting rights in City Union Bank Limited. This approval is subject to compliance with the Banking Regulation Act, RBI's acquisition and holding of shares directions, Foreign Exchange Management Act, SEBI regulations, and other applicable statutes and guidelines.
Key Highlights
- RBI approves Kotak Mahindra Bank to acquire up to 9.99% stake in City Union Bank.
- The approval is subject to compliance with various regulatory norms.
- The acquisition is for paid-up share capital or voting rights in City Union Bank.
CUBPrivate Sector Bank
CITY UNION BANK LTD.Price Impact