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Public sector banks may get legal teeth on issuing lookout circulars

This follows a decision by the Bombay High Court earlier this week that said public sector banks (PSBs) dont have the power to recommend, or ask, the central government for the issuance of LOCs against defaulting borrowers.

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Block deals worth over Rs 12,045 crore this week. Kotak Bank, Vodafone Idea among stocks with major action

In the large cap segment, 15 companies witnessed significant block deals on the screen which were worth Rs 6,046 crore led by Kotak Mahindra Bank with 29 block counts, totalling to Rs 1,310 crore.

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3 stocks Rajesh Palviya is bullish on for next week

But overall stock-specific action is clearly there in the market. The sectors which have already shown the breakout in the recent past are continuously showing the buying interest.

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Bullish Momentum: 6 stocks with White Marubozu Pattern on April 25

Represented by a long white (or green) candlestick with no upper shadow and a small or nonexistent lower shadow, it indicates strong buying pressure throughout the session.

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Kotak Bank reveals how Indian banks fail to keep up with Modi's ambitions

Kotak Mahindra Bank Credit Card & Mobile Banking Curbs: Prime Minister Narendra Modi aims to export India's digital payments system worldwide, but faces obstacles as Indian banks struggle with outdated technology. Despite massive investments in tech to boost financial inclusion, banks are grappling with system glitches and cyber threats. The government urges modernization to safeguard the financial system and customer data.

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Amazon Great Summer Sale 2024: Deals on smartphones and everything to expect

Amazon's upcoming Great Summer sale promises substantial discounts on a range of popular smartphones, including models from OnePlus, Redmi, Samsung, and others. While specific pricing and dates are yet to be announced, Prime members will gain early access.

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Kotak Mahindra Bank: RBI bars Kotak Bank from adding customers digitally

The Reserve Bank of India (RBI) has imposed strict restrictions on Kotak Mahindra Bank, a third-most valued private bank in India, for failing to fix its IT systems over the past two years. The bank was asked to stop functions cited "with immediate effect" and assured customers that there would be no interruption to services. Kotak Mahindra Bank has taken measures to strengthen its IT systems and will continue to work with the RBI to resolve balance issues at the earliest.

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Kotak Mahindra Bank share price: Kotak Mahindra Bank shares crash 12% after RBI crackdown. Derating ahead?

Kotak Mahindra Bank's shares plunged 12% to Rs 1,620 after RBI halted new customer onboarding and credit card issuance. Brokerages slashed target prices due to concerns over online channel reliance and potential long-term growth impact.

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LIC cuts stake in 16 PSU stocks as portfolio soars to Rs 14 lakh crore

LIC cuts stakes in 16 PSUs, profit booking seen. Portfolio value surges to Rs 14 lakh crore in 2024, up by Rs 1.6 lakh crore. Market cap of PSU stocks rises to Rs 67 lakh crore.

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Factbox-India central bank scrutiny of financial firms leads to restrictions

The Reserve Bank of India's increased scrutiny of banks and other financial firms has resulted in a spate of supervisory restrictions, most recently on Kotak Mahindra Bank, India's fourth largest...

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