Kotak Mahindra Bank Announces Results businessnewsthisweek.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessnewsthisweek.com Daily Mail and Mail on Sunday newspapers.
Bengaluru : The Board of Directors of Kotak Mahindra Bank (“the Bank”) approved the audited standalone and consolidated results for the quarter and financial year ended March 31, 2024, at the Board meeting held in Mumbai, today. Kotak Mahindra Bank standalone results The Bank’s PAT for FY24 increased to ₹ 13,782 crore from ₹ 10,939…
RBI tells MFIs to improve governance, loan appraisal system; assesses pandemic-led stress
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The central bank governor Shaktikanta Das called on these lenders Monday to assess the ground level situation going beyond the accounting numbers of micro lenders following the sharp rise in the rate of infections across regions, which forced local authorities to go for area wise containments and partial lockdowns.
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The existing provisions of relief in cases of natural calamities could be applied, they urged RBI.
The Reserve Bank of India has stressed that microfinance lenders need to follow appropriate governance and risk management standards even as these lenders are facing challenges with falling repayment collection while the raging second wave of the Covid-19 pandemic is affecting livelihoods.