Tag: Kotak Mahindra Bank

Markets rebound in early trade amid firm trends at Wall Street, buying in Kotak Bank

May 6, 2024 admin

Share brokers watching stock prices at BSE Sensex and NSE Nifty at Calcutta Stock Exchange in Kolkata. File | Photo Credit: PTI Equity benchmark indices rebounded in early trade on Monday following a rally in the U.S. markets and heavy buying in Kotak Mahindra Bank. The 30-share BSE Sensex climbed 328.54 points to 74,206.69 in…

Business

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

April 26, 2024 admin

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. The lender’s shares tumbled as much as 13% on Thursday after it was barred from adding…

Nation

Kotak Mahindra Bank Promoter Infina Finance Donated Rs 60 Crore To BJP Via Electoral Bonds

April 24, 2024 admin

Infina Finance, owned by the Kotak family, is listed as one of the promoter group entities. New Delhi: Infina Finance, one of the promoter group entities of Kotak Mahindra Bank – currently facing RBI action, had donated electoral bonds worth Rs 60 crore to the BJP. Infina Finance, owned by the Kotak family, is listed…

Nation

Services Won’t Be Interrupted For Existing Customers: Kotak Mahindra Bank

April 24, 2024 admin

The bank said it is working with the RBI to address remaining issues. New Delhi: Hours after the Reserve Bank of India prohibited Kotak Mahindra Bank from onboarding new customers online and issuing fresh credit cards, citing issues with the company’s data security and information technology infrastructure, the bank has said it is adopting new…

Nation

Kotak Mahindra Bank Barred By RBI From Onboarding New Online Customers

April 24, 2024 admin

The RBI said it has decided to place some curbs on the bank in the interest of the customers. New Delhi: Citing data security concerns and deficient IT infrastructure, the Reserve Bank of India has barred Kotak Mahindra Bank from onboarding new customers online and issuing new credit cards with immediate effect. The bank can,…

Nation

5 Facts About Kotak Bank’s Next CEO And MD

October 22, 2023 admin

Ashok Vaswani is presently the president of Pagaya Technologies New Delhi: Kotak Mahindra Bank has received approval from the Reserve Bank of India (RBI) for the appointment of Ashok Vaswani as the bank’s Managing Director and Chief Executive Officer. Here are a few facts about Ashok Vaswani: 1. Ashok Vaswani is presently the president of the…

Nation

RBI Fines ICICI Bank, Kotak Mahindra Bank For Failing To Report Fraud

October 17, 2023 admin

Bengaluru: The Reserve Bank of India (RBI) on Tuesday said that it has imposed a penalty of Rs 12 crore 19 lakh on ICICI Bank for violating rules related to the code of conduct for the bank’s directors and for fraud reporting. The RBI’s inspection reports showed ICICI Bank had sanctioned or committed loans to…

Business

Uday Kotak Resigns As Kotak Mahindra CEO

September 2, 2023 admin

Banker Uday Kotak has resigned as CEO and Managing Director of Kotak Mahindra Bank. New Delhi: Banker Uday Kotak has resigned as CEO and Managing Director of Kotak Mahindra Bank. In a letter to Prakash Apte, Chairman of the Board of Directors, Mr Kotak said he has resigned “with immediate effect” though he still has…

Nation