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The exit of Joint Managing Director KVS Manian dragged Kotak Bank’s stock by 3 percent. But Federal Bank, where he is tipped to join as per reports, gained 3 percent ....
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 ....
Neogen is poised to lead in battery chemicals with its early entry and technology partnership with MUIS (Japan), targeting over 30 percent market share in India by 2030. Additionally, its core business sees traction in the CSM segment. ....
Sensing the possibility of overheating, the RBI recently increased the risk weightage for unsecured loans, requiring higher capital allocation for both banks and NBFCs. ....