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Representational image of a Kotak Mahindra Bank branch in New Delhi | Photo Credit: Reuters The Reserve Bank of India today directed Kotak Mahindra Bank Limited to cease and desist, with immediate effect, from onboarding of new customers through its online and mobile banking channels and issuing fresh credit cards. The bank shall, however, continue…
HDFC Bank has informed the stock exchanges that its subsidiary HDFC Asset Management Company Ltd has received approvals from the Reserve Bank of India (RBI) via different letters dated September 20, 2023, to acquire “aggregate holding” of up to 9.5% of the paid-up share capital or voting rights in each of the banks namely DCB…
Read More “HDFC AMC allowed to acquire aggregate holding of upto 9.5% each in 5 banks” »
