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Kotak Mahindra Bank Down By 12% As Markets Decline In Early Trade

Equity benchmark indices declined in early trade on Thursday, giving up their gains of last four days, amid heavy selling in Kotak Mahindra Bank and foreign fund outflows. ....

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RBI curbs on Kotak Mahindra Bank to hurt retail business, stock may fall 3-5%, says expert

RBI barred Kotak Mahindra Bank from onboarding clients through digital channels due to supervisory concerns over their technology platforms. ....

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Migros beendet Zusammenarbeit mit Cembra bei Kreditkarten | Newsticker

Migros beendet Zusammenarbeit mit Cembra bei Kreditkarten | Newsticker
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Migros beendet Zusammenarbeit mit Cembra bei Kreditkarten | Newsticker

Migros beendet Zusammenarbeit mit Cembra bei Kreditkarten | Newsticker
fuw.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fuw.ch Daily Mail and Mail on Sunday newspapers.

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Reserve Bank Of India (RBI) Imposes Monetary Penalty Of Rs 10 Crore On HDFC Bank

RBI imposed the penalty on HDFC Bank due to violation of certain sections under Banking Regulation Act
The Reserve Bank of India (RBI) on Friday, May 28, imposed a monetary penalty of Rs 10 crore on HDFC Bank Limited for violation of provisions of section 6(2) and section 8 of the Banking Regulation Act, 1949 (the Act). The central bank said in a statement today that this action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or an agreement entered into by the bank with its customers. (
According to the statement, an examination of documents in the matters of marketing and the sale of third-party non-financial products to the bank s customers, arising from a whistle blower complaint to the RBI, regarding irregularities in the auto loan portfolio of the bank, revealed violation of the above-mentioned provisions of the Banking Regulation Act. ....

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