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HDFC Bank's board has approved Rajiv Kumar, former Chief Election Commissioner and financial services secretary, as its Part-time Non-Executive Chairman from June 30, 2026. His chairmanship still requires RBI approval, but the move ends the bank's prolonged search for a permanent board leader.
Kotak Mahindra Bank has received RBI approval to buy up to 9.99% stakes in AU Small Finance Bank and Federal Bank. The move signals a financial investment play by Kotak, with AU Small Finance shares rising about 1% on the news.
The RBI has approved Kotak Mahindra Bank to hold up to 9.99% stakes in AU Small Finance Bank and Federal Bank. The clearance positions Kotak as a significant minority shareholder in both mid-tier lenders while staying below the threshold that triggers stricter regulatory review.
Tag
HDFC Bank's board has approved Rajiv Kumar, former Chief Election Commissioner and financial services secretary, as its Part-time Non-Executive Chairman from June 30, 2026. His chairmanship still requires RBI approval, but the move ends the bank's prolonged search for a permanent board leader.
Yesterday · 3 min · Business
Kotak Mahindra Bank has received RBI approval to buy up to 9.99% stakes in AU Small Finance Bank and Federal Bank. The move signals a financial investment play by Kotak, with AU Small Finance shares rising about 1% on the news.
1mo ago · 2 min · Markets
The RBI has approved Kotak Mahindra Bank to hold up to 9.99% stakes in AU Small Finance Bank and Federal Bank. The clearance positions Kotak as a significant minority shareholder in both mid-tier lenders while staying below the threshold that triggers stricter regulatory review.
1mo ago · 2 min · Markets
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