Regulatory7 May 2026, 06:32 pm
RBI Approves Kotak Bank to Acquire Up to 9.99% Stake in South Indian Bank
AI Summary
The Reserve Bank of India (RBI) has granted approval to Kotak Mahindra Bank Limited for acquiring an aggregate holding of up to 9.99% of the paid-up share capital or voting rights in The South Indian Bank Limited. This approval is subject to compliance with the Banking Regulation Act, RBI guidelines, FEMA, SEBI regulations, and other applicable statutes.
Key Highlights
- RBI approves Kotak Mahindra Bank to acquire up to 9.99% stake in South Indian Bank.
- Approval is subject to compliance with relevant banking and financial regulations.
- The information is available on South Indian Bank's website.