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Tighter regulations on personal loans and project finance may hurt banks in FY25

Tighter regulations on personal loans and project finance may hurt banks in FY25
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

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The Kotak Mahindra Bank controversy | Explained

The Kotak Mahindra Bank controversy | Explained
thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.

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Kotak Mahindra shares plummet 10 85% after RBI action

While the bank reassured to its existing customers of uninterrupted services, including credit card, mobile and net banking, the market took the RBI action seriously.

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RBI restrictions on Kotak Mahindra Bank: What it means for customer, banking and credit card services - FAQs answered | India Business News

India Business News: The Reserve Bank of India (RBI) recently imposed restrictions on Kotak Mahindra Bank, preventing the bank from onboarding new customers through its online and mobile banking channels and from issuing new credit cards. This has raised questions among existing and potential customers about the impact of this decision on their accounts and services.

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Kotak Bank s growth plans to take a hit post RBI restrictions on digital channels; shares plunge 11 pc

It was in September 2023 that Uday Kotak, the founder, MD and CEO of Kotak Mahindra Bank stepped down. The Reserve Bank of India had in 2021 capped the maximum tenure of MD and CEOs at 15 years. So, Kotak was due to retire by the end of December 2023. Subsequently, international banker Ashok Vaswani, who had earlier been the CEO of British Bank Barclays, was announced as his successor, effective January 1, 2024.

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