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A stich in time - Opinion News | The Financial Express

A stich in time - Opinion News | The Financial Express
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.

Baroda , Gujarat , India , Uday-kotak , Kotak-mahindra-bank , Kotak-bank , Reserve-bank , Mineral-supply-chains ,

Why business curbs are new weapon in RBI armoury

MUMBAI: For big banks, a penalty slapped by RBI for violations had as much impact as a traffic violation fine for a BMW owner.

Baroda , Gujarat , India , Mumbai , Maharashtra , Kotak-mahindra , Suresh-ganapathy , Diners-club , Paytm-payments-bank , Mastercard , Bajaj-auto , Kotak-bank-or

Kotak Bank's Stumbles Show Pitfalls of India's Tech Ambitions

Kotak Bank's Stumbles Show Pitfalls of India's Tech Ambitions
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

India , Singapore , Boston , Massachusetts , United-states , Baroda , Gujarat , Akhil-handa , Pranav-gundlapalle , Piyush-gupta , Narendra-modi , Nirmala-sitharaman

RBI bars Kotak Bank from online onboarding of customers, issuing fresh credit cards

The RBI said its decision was based on significant concerns arising out of its IT examination of the bank for 2022 and 2023, and the bank’s continued failure to address these concerns in a comprehensive and timely manner.

Baroda , Gujarat , India , Core-banking-system , Banking-regulation-act , Rbi , Bi-bars-kotak-bank , Otak-bank , Eserve-bank-of-india , Otak-mahindra-bank , Ndian-express-business

RBI Bars Kotak Bank from Adding Customers Digitally

The Reserve Bank of India (RBI) barred Kotak Mahindra Bank from signing up new customers through its online and mobile banking channels, and issuing fresh credit cards, among the toughest curbs imposed on a scheduled bank.

Baroda , Gujarat , India , Uday-kotak , Jay-kotak , Ashok-vaswani , Dipak-gupta , Kotak-mahindra-bank , Paytm-payments-bank , Reserve-bank , Bob-world ,

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.

India , Baroda , Gujarat , Ashok-vaswani , Dipak-gupta , Jay-kotak , Uday-kotak , Bars-kotak-bank , Kotak-mahindra-bank , Customers-digitally-et-bureau , Paytm-payments-bank , Reserve-bank

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.

India , Baroda , Gujarat , Uday-kotak , Shreyansh-shah , Kotak-mahindra-bank , Research-analyst , Emkay-global , Hot-stocks , Kotak-mahindra-bank-share-price , Hdfc-bank , Kotak-mahindra-bank-stock-price

Kotak Mahindra Bank shares plunge 10% after RBI bars onboarding customers digitally

India Business News: Shares of Kotak Mahindra Bank dropped by 10% following RBI's temporary pause on new customer onboarding and credit card issuance. Brokerages lowered t

Baroda , Gujarat , India , Bombay , Maharashtra , Uday-kotak , Shreyansh-shah , Bombay-stock-exchange , Research-analyst-at-stoxbox , Kotak-mahindra-bank , Reserve-bank , Emkay-global

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.

Canara , Karnataka , India , Baroda , Gujarat , Anish-tawakley , Gautam-adani , Infosys , Adani-enterprises , Power-grid-corporation , Container-corporation , Quantitative-research

Indices: Stock market update: Nifty Bank index falls 0.02% in a weak market

The Nifty Bank index was trading 0.02 per cent down at 48177.8.

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