RBI nod for Kotak’s 9.9% stake acquisition in CUB | Chennai News
Chennai: The RBI has accorded approval to Kotak Mahindra Bank to acquire an aggregate holding of up to 9.9% of the paid-up share capital or voting rights in the century-old City Union Bank (CUB).CUB informed the stock exchanges on Thursday that it received the communication from the RBI on Wednesday.The approval is subject to compliance…
