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Tuesday, 11 March 2008

Kotak Bank denies special audit by RBI

Kotak Mahindra Bank has denied any special audit by the Reserve Bank of India in the last few days. The bank said, its exposure to equity markets is well within the regulatory norms.

The clarification follows an article in a financial daily that the bank's books are under RBI scrutiny.

At 12.36 pm, Kotak Mahindra shares were up 6.42 per cent at Rs 652.90 on BSE.

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