Synopsis
The group proposed a uniform shareholding limit at 26% of the paid-up voting equity share capital of the bank for all promoter categories.
Kolkata: Hindujas may get an opportunity to raise their stake in IndusInd Bank while Uday Kotak can be relieved that he need not be at the regulatory crosshairs over the promoter holding in Kotak Mahindra Bank with the Reserve Bank of India’s internal working group proposing 26% holding for promoters.The group proposed a uniform shareholding limit at 26% of the paid-up voting equity share capital of the bank for all promoter categories.It said
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