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RBI action Kotak bank: Kotak Bank deposit growth may be hit, shares fall 11%

On Wednesday evening, the Reserve Bank of India (RBI) barred the Uday Kotak-promoted lender from onboarding new customers through its online and mobile banking channels and directed them to stop issuing new credit cards. The regulator cited “serious deficiencies and non-compliances” and “continued failure on the part of the bank to address these concerns in a comprehensive and timely manner.”

India , Mumbai , Maharashtra , Kotak-mahindra , Ashok-vaswani , Axis-bank , Kotak-mahindra-bank , Reserve-bank , Uday-kotak-promoted , Mahindra-bank , Rbi-action-kotak-bank , Kotak-bank-share

Axis pips Kotak Bank as 3rd most valued private bank

India Business News: Axis Bank overtook Kotak Mahindra Bank on Thursday to become India's third most valued private lender after a rout in the latter's stock. Kotak Bank's

Mumbai , Maharashtra , India , Ashok-vaswani , Uday-kotak , Kotak-bank , Bank-rs , Kotak-mahindra-bank-on , Axis-bank , Kotak-mahindra-bank , Business-news , Stock

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 ,

Kotak Mahindra's Shares Fall After Ban On Cards And New Online Clients

Uday Kotak built his Kotak Mahindra Bank Ltd. over decades to become Asia's richest banker. After India's regulator slapped his bank with a surprise ban, he's facing one of his biggest tests yet - and a dip in wealth.

India , Ashutosh-mishra , Uday-kotak , Ashok-vaswani , Kotak-mahindra-bank , Axis-bank-ltd , Kotak-mahindra-bank-ltd , Goldman-sachs-group-inc , Bloomberg-billionaires , Axis-bank , Reserve-bank , Chief-executive-officer-ashok

$1.3 billion gone! Uday Kotak sees his wealth dip the most in 4 years after RBI torpedo

Due to a heavy selloff post the RBI directive, the bank’s founder Uday Kotak, the largest shareholder with a stake of almost 26%, saw his wealth decline by $1.3 billion.

Uday-kotak , Macquarie-suresh-ganapathy , Axis-bank , Kotak-mahindra-bank-rs , Kotak-mahindra-bank , Bloomberg-billionaires , Suresh-ganapathy , Mahindra-bank , Religare-broking , Otak-mahindra-bank-shares , Otak-mahindra-stock-price , Day-kotak

Kotak Mahindra's Stock Drops Following Card And Online Client Restrictions

The timing of the regulatory action adds complexity to the situation, considering Uday Kotak’s recent transition to a new CEO, Ashok Vaswani, at the beginning of the year. Vaswani has emphasized the importance of scale for the bank’s growth trajectory and highlighted ongoing investments in technology to enhance operational efficiency and customer experience.
- Newsx

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Nawaz Modi-Singhania ousted from Raymond Group companies amid divorce dispute

Nawaz Modi-Singhania and Raymond group chief Gautam Singhania have been locked in a bitter settlement dispute since November 2023.

Bombay , Maharashtra , India , Ashneer-grover , Jeff-bezos , Uday-kotak , Gautam-singhania , Kotak-mahindra-bank , Raymond-group , Nawaz-modi-singhania , Raymond-consumer-care , Smart-advisory

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.

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

Uday Kotak loses $1.3 billion after RBI's Kotak Mahindra Bank order

The Reserve Bank of India (RBI) barred Kotak Mahindra Bank from adding new customers through its digital channels and from issuing fresh credit cards which led the lender's shares to fall as much as 13%. As the largest shareholder with a stake of almost 26%, Uday Kotak bore the brunt after the crash in shares- the highest in almost four years. Uday Kotak bore the brunt after the crash

India , Uday-kotak , Kotak-mahindra-bank , Reserve-bank , Kotak-mahindra-india-business-hindustantimes-loses-uday ,

Kotak Mahindra Bank: Shedding the underperformer tag may be a tough task

Kotak Mahindra Bank: Shedding the underperformer tag may be a tough task
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