RBI. The bank has done all it needed to at its end in succession.
RBI’s approvals needed. I believe this is the best sequence to ensure a smooth transition, quell any uncertainty," Uday Kotak told CNBC-TV18. 1985 – Kotak Mahindra Finance commences bill discounting business 1987 – Enters lease and hire purchase business 1990 – Launches auto finance division for passenger cars 1991 – Establishes investment banking 1995 – Launches KMCC, a joint venture with Goldman Sachs Group for investment banking 1996 – Launches Kotak Mahindra Primus Ltd.
Read more on livemint.com