15:48 IST
BSE
Regulatory Approval
Jammu & Kashmir Bank Regulatory Approval
The Reserve Bank of India approved Kotak Mahindra Bank's proposal to acquire up to a 9.99% stake in Jammu and Kashmir Bank. The approval is valid for one year and is subject to compliance with Banking Regulation Act provisions. Kotak Mahindra Bank must maintain at least a 5% holding once acquired unless prior RBI approval is obtained.
- Execution
- 1 year