Kotak Bank Promoter Donated Rs 60 Crore To BJP Via Electoral Bonds

As per the shareholding data with the BSE, as of March 2024, the promoter and promoter group entities hold a 25.89 per cent stake in Kotak Mahindra Bank.

Infina Finance, one of the promoter group entities of Kotak Mahindra Bank - currently facing RBI action, had donated electoral bonds worth Rs 60 crore to the BJP.

Infina Finance, owned by the Kotak family, is listed as one of the promoter group entities of Kotak Mahindra Bank. However, it owns no shares in the private sector lender, which the RBI has barred from issuing fresh credit cards.

As per the shareholding data with the BSE, as of March 2024, the promoter and promoter group entities hold a 25.89 per cent stake in Kotak Mahindra Bank.