IndusInd Bank: Did the RBI just spell good news for IndusInd Bank?

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Promoters, who have already diluted their holdings to below 26%, will be permitted to raise it to 26% of the paid-up voting equity share capital of the bank, subject to meeting ‘fit and proper’ status.

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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