Stay Connected. Stay Informed.
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,…
Read More “Kotak Mahindra Bank Barred By RBI From Onboarding New Online Customers” »
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…
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…
Read More “RBI Fines ICICI Bank, Kotak Mahindra Bank For Failing To Report Fraud” »
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…