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After two years, Uday Kotak now says note ban was poorly executed

Monday, December 10, 2018, 7:54 AM

The outcome of controversial demonetisation drive would have been "significantly better" if "simple things" like introducing Rs.2,000 currency notes were avoided, banker Uday Kotak has said. The executive vice chairman and managing director of the fourth-largest private sector lender Kotak Mahindra Bank has also said small businesses are in a difficult situation at present and has welcomed the government focus to revive the sector.
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ING to sell entire stake in Kotak Mahindra Bank

Thursday, November 15, 2018, 9:06 AM

Dutch lender ING Group NV is selling the rest of its stake in Kotak Mahindra Bank in a deal that could be valued at Rs.7,600 crore, said investment banking sources. The deal, which is expected to happen this week on the secondary market through block deals, could be done at Rs.1,070 per share, a 5 per cent discount to Wednesday's closing price.

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