Mumbai: Foreign shareholding in private sector Kotak Mahindra Bank has hit the trigger limit for FIIs, and any further purchases of bank’s share by them will be allowed only after the Reserve Bank’s approval. As per the data available on the BSE, Foreign Institutional Investors (FIIs) held 31.68 per cent shares in Kotak Mahindra Bank as of quarter ended March 31, 2014.

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