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Kotak Mahindra Bank share price: Kotak Bank to face timewise derating; may underperform for 12-18 months: Digant Haria

Digant Haria of GreenEdge Wealth discusses impact of RBI diktat on Kotak Bank, foreseeing continued underperformance and a potential shift in the banking sector towards PSU banks. Haria says: "I do not think Kotak will be the last bank to face these actions. This action can come on more banks and NBFCs in the coming months. I do not think this is the end of the regulator being not so gentle on them."

Digant-haria , Kotak-bank , Offering-college , Kotak-mahindra-bank , Greenedge-wealth , Kotak-mahindra , For-kotak , Leadership-excellence , Might-also-like , Mahindra-bank , Kotak-mahindra-bank-share-price , Rbi

Kotak Mahindra Bank cannot add new customers as per RBI order: Is your money in the bank safe?

Kotak Mahindra Bank: RBI's order means that Kotak Mahindra Bank cannot onboard new customers or issue fresh credit cards. What changes for existing customers?

New-delhi , Delhi , India , Sam-pitroda , Pranav-gundlapalle , Zerodha-nikhil-kamath , Ashneer-grover , Reuters , Kotak-mahindra-bank , Reserve-bank , Nikhil-kamath , Kotak-mahindra

Sanjiv Bhasin | Sanjiv Bhasin stocks: Use dip to do a SIP in Kotak Bank as RBI won't have a major impact on earnings: Sanjiv Bhasin

Sanjiv Bhasin discusses Kotak Bank's resilience, Bajaj Finance's challenges, and the impact of competition on their performance. Future guidance and return on equity will be crucial indicators to watch in the evolving market dynamics. Bhasin says: "RBI move overall, may not have a major impact on the earnings or the long-term visibility."

Sanjiv-bhasin , Offering-college , Kotak-bank , Bank-nifty , Reserve-bank , Leadership-excellence , Sanjiv-bhasin-stocks , Hdfc-bank , Bajaj-finance , Rbi , Long-term-investor , Iifl-securities

Action on Kotak Mahindra Bank signals RBI's intent to address systemic gaps in banking, say experts

On April 24, the Reserve Bank of India (RBI) imposed business restrictions on Kotak Mahindra Bank (KMB) barring the lender from adding new customers through digital channels and issuing new credit cards. Experts expect this to impact their earnings.

India , Sanjay-agarwal , Shreyansh-shah , Karan-gupta , Kotak-mahindra , Emkay-global-financial-services , India-ratings-research , Bank-it-examination , Kotak-mahindra-bank , Research-analyst , Reserve-bank , India-ratings

RBI Plans Curbs On Suspect Bank Accounts To Fight Cyber Fraud: Report

India's central bank plans to soon change guidelines to permit banks to temporarily freeze accounts suspected of being used to commit cyber crimes, as it battles a rising wave of online crime, three sources told Reuters.

India , Reuters , Indian-cybercrime-coordination-centre , Reserve-bank , Cyber-fraud , Reserve-bank-of-india , Rbi ,

RBI asks 'Talkcharge' to refund customers, says company issuing wallets without its permission

The RBI said it has come to the notice of the RBI that TalkCharge Technologies is issuing Prepaid Payment Instruments (Wallets) through its website and app without obtaining the required authorisation from RBI under the provisions of the Payment and Settlement Systems Act, 2007.

India , Reserve-bank , Gurgaon-based-talkcharge-technologies , Talkcharge-technologies , Prepaid-payment-instruments , Settlement-systems-act , Rbi , Alkcharge , Allets ,

Bajaj Finance Q4 results: Here are five key highlights

In the January-March quarter, the consolidated assets under management (AUM) of the company grew 34 percent on-year to Rs 3.31 lakh crore, as compared to Rs 2.47 lakh crore in a similar period last year.

India , Bajaj-finance , Bajaj-housing-finance , Bajaj-financial , Reserve-bank , Key-fact-statements , Housing-finance , Rbi , Ajaj-finance , 4-earnings ,

RBI: RBI orders Talkcharge Technologies to stop issuing prepaid wallets

The regulator has cautioned users that it has not ordered them to return the cashbacks they earned from the company, but has asked the latter to return customer funds held in its wallets.

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kotak bank share price: Operations continue uninterrupted: Kotak Mahindra Bank CEO Ashok Vaswani writes to customers amid RBI action

Kotak Mahindra Bank has reassured customers that all operations are continuing, despite the Reserve Bank of India (RBI) halting new customer sign-ups due to IT system failure. The bank's CEO, Ashok Vaswani, stated that customers can continue accessing existing banking services, but the issuance of new credit cards has been temporarily halted. Kotak Mahindra Bank is in constant communication with the regulator to resolve any issues.

India , Ashok-vaswani , Kotakbankltd , Kotak-mahindra-bank , Reserve-bank , Debit-cards , Net-banking , Kotak-bank-share-price , Rbi , Banking-services , Credit-cards , It-systems

Bajaj Finance's cost of funds rise 70 bps in FY24 to 7.74%

Earlier today, Bajaj Finance reported 21 percent growth in its consolidated profit after tax to 3,825 crore in the fourth quarter of the financial year 2023-24 from Rs 3,158 crore in the year-ago period.

India , Bajaj-finance , Bajaj-housing-finance , Reserve-bank , Bajaj-financial , Rbi , Ajaj-finance , Ost-of-funds ,