ING selling stake in Kotak Mahindra Bank
Dutch financial services group ING was selling its entire 3.07 per cent stake in Kotak Mahindra Bank, to raise up to $173 million, in a block deal, CNBC TV18 reported on Wednesday, citing sources.
Within a week of the Reserve Bank increasing its major rates, private sector bank Kotak Mahindra Bank has hiked term deposits rates by 0.25%.