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Monitoring of Foreign Investment under the PIS - Incorporation in Ban List- M/s Kotak Mahindra Bank Limited

Dated:- 22-4-2015 - The Reserve Bank of India has sanctioned the scheme of Amalgamation of ING Vysya Bank Ltd with Kotak Mahindra Bank Ltd. and made it effective from April 01, 2015. Pursuant to the Scheme of Amalgamation, M/s Kotak Mahindra Bank Ltd. has today i.e. April 21, 2015 allotted the equity shares to the shareholders of the ING Vysya Bank Ltd. The Reserve Bank of India has stated that post allotment of the above shares, the aggregate foreign shareholding in M/s Kotak Mahindra Bank Ltd. .....

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