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Update on RBI's requirement to bring down Bank's promoter shareholding

Mumbai May 27, 2014: With reference to earlier announcement dated June 27, 2012 intimating RBI's requirement to bring down Bank's promoter shareholding, Kotak Mahindra Bank Ltd has now informed BSE that the Bank has received a Communication from the RBI to bring down its promoter shareholding to 40% by September 30, 2014 per estimates provided by the Bank. The next estimate is 30% by December 31, 2016. The Current promoter shareholding is 43.58%.

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