July 4, 2015

FIPB allows Kotak Mahindra Bank to raise foreign institutional investment cap to 55%

NEW DELHI: The Foreign Investment Promotion Board (FIPB) on Friday approved Kotak Mahindra Bank's proposal to raise its foreign institutional investment (FII) cap in the bank from 49% to 55%, at the same time clearing confusion over rules for overseas investment in insurance.

The FIPB had deferred discussing Kotak's proposal on several occasions because of uncertainty over the implications of a higher FII rate for the bank's insurance venture, in which it has a 74% stake. "The approval

Read more at: http://economictimes.indiatimes.com/articleshow/47932145.cms

This step is long overdue and is very good news for the stock which has been trading in a range for past few months.


Kamalesh P Langote
Research Analyst

Disclosures as per SECURITIES AND EXCHANGE BOARD OF INDIA (RESEARCH ANALYSTS) REGULATIONS, 2014:
  • I have long positions in the stock.
  • I /my family have no financial interest or beneficial interest of more than 1% in the company whose stocks I am recommending
  • I /my family have not received any compensation from the company where I am recommending a trade or investment.
  • I have not served as an officer, director or employee of company and have not been engaged in market-making activity of the company covered in the research report.
  • I have no material conflict in recommendations posted here

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