Kotak Mahindra Bank case to come up for hearing amid clamour for change in ownership rules Industry-Economic Times — January 16, 2019 comments off The rules require a bank to cut the promoter stake to 40 per cent within 3 years, 20 per cent within 10 years and then to 15 per cent within 15 years.
The rules require a bank to cut the promoter stake to 40 per cent within 3 years, 20 per cent within 10 years and then to 15 per cent within 15 years.