BANKING

India’s banking regulator, the Reserve Bank of India (RBI), is urging Kotak Mahindra Bank to choose an external candidate as its new CEO following the departure of founder Uday Kotak. Additionally, the RBI is examining stakes held by the bank in Kotak Mahindra Life Insurance and Kotak Mahindra General Insurance to evaluate the banks’ stakes in insurance companies.

from Banking/Finance-Industry-Economic Times https://ift.tt/M9xywi2
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