Rana Kapoor, who co-founded the bank with Ashok Kapoor in 2004, established the private bank's credentials and led it to rise above expectations. Its shares have seen a 25-fold rise in the past 13 years and have generated compound annual growth return of around 28 per cent.

If the bank issues about $17 billion of new stock to back an acquisition, that would effectively dilute the Uday Kotak's holding below the RBI's 20 per cent target.

Set up by Piyush Goyal when he was the interim finance minister, the panel today submitted a report on the review of penal provisions of Company Act 2013 to Arun Jaitley.

The compensation that independent directors receive from companies has been cited by many as a big reason, which undermines the independence of independent directors.

With recent frauds shaking investors' trust in corporate governance standards, we look at role, limitations and accountability of independent directors who are custodians of these standards.

RBI has rejected Kotak Bank promoter Uday Kotak's proposal to mandatorily lower the promoter stake to 20 per cent; India's trade deficit is now at a 5-year high of over $18 billion; and gross NPAs in the banking sector have shot up to Rs 10.3 lakh crore. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.

Modi says India is now the land of reform, perform and transformPrime minister Narendra Modi delivered his fifth Independence Day Speech as PM. Running parallel to the  Ayushman Bharat-National Health Protection Scheme would be the Jan Aarogya Abhiyan which would kick off on September 25, he announced. The healthcare schemes will ensure access to good quality healthcare for the poor and marginalised. Modi also said India used to be a 'sleeping elephant', but has started walki...

Kotak Mahindra Bank says it still believes that the bank's stake dilution plan meets the RBI requirement, and assured to continue engaging with the central bank over the issue.

The Ministry of Corporate Affairs seeks to review offences under the Companies Act, 2013 as some of the offences may be required to be decriminalised and handled in an in-house mechanism, where a penalty could be levied in instances of default.

On April 12, the Japanese brokerage firm Nomura in its report had said it is perfect time for Kotak Bank to bid for Axis Bank.

Kotak Mahindra Bank posted a consolidated net profit of Rs 1,789.24 crore in its financial results for the quarter ended March 31, 2018, amounting to a 27 per cent increase in consolidated net profit on a quarter-on-quarter basis.

Shaw said that Infosys is entering a new phase under new leadership and there is strong focus on new growth areas.

The separation of CEO/MD and Chairperson positions at listed companies would come into effect from April 1, 2020. Initially, it would be applicable only for the top 500 listed entities in terms of market capitalisation.