RBI allows Kotak Mahindra Bank to acquire 9.99% stake in Federal Bank

economictimes.indiatimes.com

RBI approved Kotak Mahindra Bank to acquire up to 9.99% of Federal Bank's shares. This approval makes Kotak Mahindra Bank a potential significant institutional shareholder in the Kerala-based lender. The RBI's decision was communicated to Federal Bank on May 6. The acquisition is subject to various banking and securities regulations. Investors will monitor future disclosures for progress on this strategic stake.


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RBI allows Kotak Mahindra Bank to acquire 9.99% stake in Federal Bank | News Minimalist