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Why Has RBI Barred Kotak Mahindra Bank from Adding New Customers Online? What's Next for the Lender?

The RBI said Kotak Mahindra Bank was found to be non-compliant with the corrective action plans issued for 2022-23. The lender lacks ‘robust IT infrastructure and IT Risk Management framework’, and its online and digital banking channels have suffered frequent outages in the last two years ....

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Nifty Bank under pressure after Kotak Mahindra Bank plunges 10%

Kotak Mahindra Bank Share Price: The company's shares dropped 9.7 per cent to 1,665 rupees in pre-open trade, the lowest since March 2023. The shares of banking major are trading 183.05 points, or 9.93 per cent lower at 1,659.75 per equity share on NSE. ....

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Market upbeat on first management rejig by new CEO of Kotak Mahindra Bank

On Monday, the bank announced the appointment of KVS Manian as joint managing director and Shanti Ekambaram as deputy managing director with effect from March 1, 2024. Both were seen as internal candidates for the CEO position. ....

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Kotak Mahindra Bank to raise Rs 10,000 crore via NCD

"This is to inform you that the Board of Directors of Kotak Mahindra Bank have, at their meeting held today, inter alia, approved a proposal to enable the Board of Directors of the Bank to raise funds by way of issuance of Unsecured, Redeemable, Non-Convertible Debentures, on a private placement basis, for an amount up to Rs. 10,000 crore," Kotak said ....

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Kotak Mahindra Bank Q3 Results: PAT rises 8% YoY to Rs 3,005 crore, but trails estimates

Kotak Mahindra Bank Q3 Results: The lender s Net interest income, the difference between interest earned and interest expended, rose nearly 16% YoY to Rs 6,553.52 crore. The moderate growth in the bottomline was partially due to a sharp jump in the provisions during the quarter under review. ....

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