The Economic Times

Kotak Mahindra Bank clarifies it has not submitted financial bid for IDBI Bank stake

Kotak Mahindra Bank has clarified its position on the IDBI Bank disinvestment. The bank stated it has not submitted a financial bid. This clarification follows media reports suggesting otherwise. Kotak Mahindra Bank is adhering to SEBI listing regulations. The bank will continue to make necessary disclosures as per its obligations.