Kotak Mahindra Bank

Kotak Mahindra Bank on Tuesday announced that its joint managing director KVS Manian, a veteran at the private sector lender, has stepped down with immediate effect.

The "21 din me paisa double" dialogue from 'Phir Hera Pheri' has become a quintessential meme template. But a trader's move in the share market two days ago has likely topped it by a multifold.

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 Reserve Bank of India (RBI) has instructed Kotak Mahindra Bank to stop onboarding new customers online and through mobile banking platforms with immediate effect.

Equity benchmark indices declined in early trade on Thursday, giving up their gains of last four days, amid heavy selling in Kotak Mahindra Bank and foreign fund outflows.

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.

Hours after the RBI prohibited Kotak Mahindra Bank from onboarding new customers online and issuing fresh credit cards, citing issues with the company's data security and IT infrastructure, the bank has said it is adopting new techonologies.

Kotak Mahindra Bank must immediately stop onboarding new customers through its online and mobile banking channels and issuing new credit cards, the Reserve Bank of India said as it flagged "serious deficiencies and non-compliances".

Citing data security concerns, 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, however, continue to serve its customers

As per a post by investor Nilesh Shah on X, the building was last sold for $150 million against its previously sold cost of $500 million.

Four people, including three managers of a private bank, have been arrested in Gurugram for their alleged involvement in cyber fraud, police said today.

In a post on X, he lauded Mr Kotak's contributions to the Indian banking sector, and called him the ''Jamie Dimon of India.''

Vaswani, who has worked with Barclays in the recent past, will succeed Uday Kotak, who quit as the MD of the bank effective September 1.

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.

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.

Kotak Mahindra Bank on Tuesday announced that its joint managing director KVS Manian, a veteran at the private sector lender, has stepped down with immediate effect.

The "21 din me paisa double" dialogue from 'Phir Hera Pheri' has become a quintessential meme template. But a trader's move in the share market two days ago has likely topped it by a multifold.

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 Reserve Bank of India (RBI) has instructed Kotak Mahindra Bank to stop onboarding new customers online and through mobile banking platforms with immediate effect.

Equity benchmark indices declined in early trade on Thursday, giving up their gains of last four days, amid heavy selling in Kotak Mahindra Bank and foreign fund outflows.

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.

Hours after the RBI prohibited Kotak Mahindra Bank from onboarding new customers online and issuing fresh credit cards, citing issues with the company's data security and IT infrastructure, the bank has said it is adopting new techonologies.

Kotak Mahindra Bank must immediately stop onboarding new customers through its online and mobile banking channels and issuing new credit cards, the Reserve Bank of India said as it flagged "serious deficiencies and non-compliances".

Citing data security concerns, 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, however, continue to serve its customers

As per a post by investor Nilesh Shah on X, the building was last sold for $150 million against its previously sold cost of $500 million.

Four people, including three managers of a private bank, have been arrested in Gurugram for their alleged involvement in cyber fraud, police said today.

In a post on X, he lauded Mr Kotak's contributions to the Indian banking sector, and called him the ''Jamie Dimon of India.''

Vaswani, who has worked with Barclays in the recent past, will succeed Uday Kotak, who quit as the MD of the bank effective September 1.

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.

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.