Kotak Mahindra Bank, RBI

RBI Lifts Onboarding Restrictions on Kotak Mahindra: Why Banks Face Such Curbs
The RBI had imposed restrictions on Kotak Mahindra Bank due to concerns over its IT management. It noted that the bank had consistently failed to address "serious deficiencies and non-compliances"
India's RBI lifts ban on Kotak issuing credit cards, enrolling clients digitally
The Reserve Bank of India said on Wednesday that it had lifted its 10-month-old order barring Kotak Mahindra Bank from onboarding new clients digitally and issuing fresh credit cards due to gaps in its IT infrastructure.
RBI Lifts Ban on Kotak Mahindra’s Digital Banking & Credit Cards Issuance
RBI lifts restrictions on Kotak Mahindra Bank, allowing it to onboard new customers and issue credit cards after IT compliance improvements.
Kotak Bank Stock Climbs 2% After RBI Lifts Restrictions on New Customer Onboarding
Kotak reported a 10% surge in its profit levels at Rs 4,701.02 crore in Q3FY25 as compared to Rs 4,264.78 crore recorded in the corresponding quarter of the previous year. The recent removal of restrictions has further boosted brokerages' outlook on the stock.
RBI lifts digital banking restrictions on Kotak Mahindra Bank
RBI lifts restrictions on Kotak Mahindra Bank, allowing credit card issuance and digital customer onboarding, signaling regulatory shift.
India's central bank lifts restrictions on Kotak Mahindra Bank onboarding customers online
India's central bank on Wednesday lifted restrictions on Kotak Mahindra Bank that had barred the lender from taking on new customers via its online and mobile banking channels and from issuing new credit cards.
RBI lifts restrictions on Kotak Mahindra Bank from issuing credit cards, adding customers online
The Reserve Bank has lifted all restrictions it placed on Kotak Mahindra Bank. On April 24 last year, the RBI imposed certain business restrictions on the private lender. The bank was directed to cease and desist from onboarding new customers through its online and mobile banking channels,
RBI's surprise, outsized intervention eases bearish bias on rupee
The Indian central bank's unexpected and decisive intervention in the foreign exchange markets over the past two days, worth ...
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RBI Governor holds first meeting with NBFCs, industry seeks liquidity support
According to sources, the discussions primarily revolved around key challenges faced by the NBFC sector. The central bank ...
Moneycontrol Pro Panorama | As inflation cools, will the RBI cut rates faster?
Apollo Tyres look toward a better road ahead, drop in inflation numbers could lead to next rate cut, are banks toeing the ...
RBI allows Temasek Holding to acquire upto 7% in AU Small Finance Bank
In September last year, the Jaipur-based bank submitted its application to the RBI to transition into a universal bank. AU ...
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RBI approves Zulia Investments' acquisition of up to 7% stake in AU Small Finance Bank
The RBI’s approval, communicated through a letter dated February 12, allows Zulia Investments and its associates to purchase ...
RBI top brass takes feedback on various issues impacting NBFCs: CNBC-TV18
At the meeting held on February 13 in Mumbai, NBFCs reportedly reiterated demand for easier liquidity, refinance window facility ...
RBI approves Temasek unit’s 7% stake purchase in AU Small Finance Bank
AU Small Finance Bank announced today that the Reserve Bank of India (RBI) has approved Zulia Investments Pte. Ltd., an ...
RBI to Issue New ₹50 Banknotes: Key Changes and Reasons Behind the Decision
RBI has announced the release of new ₹50 banknotes featuring the signature of its newly appointed governor, Sanjay Malhotra.