RBI imposing curbs on Kotak Mahindra Bank (KMB) under section 35A on a ‘cease and desist’ order exposes the bank’s weaknesses in operational risk management (ORM). RBI thus prevented KMB from onboarding new customers through.
In its monetary policy on April 5, 2024, RBI kept the repo rate intact at 6.5 percent as expected and remained focused on the ‘withdrawal of accommodation’ extending stability. Since February 2023, the repo rate.
The major central banks are unanimous on whether to begin cutting policy rates sometime in 2024. US Federal Reserve talks of 3 rate cuts in 2024 bringing down policy rates from the current level of.
As expected, the repo rate has been kept intact at 6.5 percent for close to a year with the status quo in the current monetary policy review. Its stance remains focused on withdrawing accommodation to.
Paytm Payment Bank Ltd (PPBL) a wholly owned subsidiary of fintech major – its parent company One97 Communications Ltd, (OCL) is facing stiff RBI action due to its protracted indifference towards operational risk that reached.