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