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Bengaluru : The Board of Directors of Kotak Mahindra Bank (“the Bank”) approved the audited standalone and consolidated results for the quarter and financial year ended March 31, 2024, at the Board meeting held in Mumbai, today. Kotak Mahindra Bank standalone results The Bank’s PAT for FY24 increased to ₹ 13,782 crore from ₹ 10,939…
RBI tells MFIs to improve governance, loan appraisal system; assesses pandemic-led stress SECTIONS Share Synopsis The central bank governor Shaktikanta Das called on these lenders Monday to assess the ground level situation—going beyond the accounting numbers of micro lenders—following the sharp rise in the rate of infections across regions, which forced local authorities to go for area wise containments and partial lockdowns. Agencies The existing provisions of relief in cases of natural calamities could be applied, they urged RBI. The Reserve Bank of India has stressed that microfinance...