/ Uday Kotak's Wealth Grows Amid Tussle With RBI

NDTV : Mar 13, 2019, 09:59 AM

Banking tycoon Uday Kotak's wealth has increased three-times in the last five years even as he has been locked in a legal case with the Reserve bank of India (RBI) over reduction in promoter shares in Kotak Mahindra Bank. Mr Kotak currently holds 30 per cent stake in bank. RBI deadline for Mr Kotak to reduce his holding below 20 per cent was by the end of last year. The matter has been adjourned till April 1.