Uday Kotak, CEO of Kotak Mahindra Bank, in a tweet, stated that these two stations are significant for the Kotak Group because one represents where Kotak was born, and the other is where the headquartered of the firm is currently situated.
The RBI has given approval to LIC to increase its holding in the bank up to 9.99 per cent. Currently, LIC owns 4.96 per cent stake in Kotak Mahindra Bank.