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With rising IT expenses, Kotak Mahindra Bank also saw rising customers complaints

With rising IT expenses, Kotak Mahindra Bank also saw rising customers complaints
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Kotak Mahindra Bank Joint MD KVS Manian steps down with immediate effect

Following Manian's exit, the Wholesale, Commercial and Private Bank will now report directly to Vaswani, while the Asset Reconstruction Division will report to Shanti Ekambaram, Deputy Managing Director.

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Kotak Mahindra Bank faces setback in credit card growth, profitability due to RBI s curbs: S&P Global

The global ratings agency said the curb will not materially affect Kotak Bank’s ratings (BBB-/Stable/A-3) as credit cards make up a small (4 per cent of total loans) portion of the portfolio.

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Action on Kotak Mahindra Bank signals RBI s intent to address systemic gaps in banking, say experts

On April 24, the Reserve Bank of India (RBI) imposed business restrictions on Kotak Mahindra Bank (KMB) barring the lender from adding new customers through digital channels and issuing new credit cards. Experts expect this to impact their earnings.

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Kotak Mahindra Bank shares in focus after RBI ban; what private lender says

Kotak Mahindra Bank, which is scheduled to report its quarterly results on Saturday, May 4, 2024, said it wants to reassure its existing customers of uninterrupted services.

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