India’s central bank on Wednesday ordered Kotak Mahindra Bank to immediately cease onboarding new customers via its online and mobile banking channels and to stop issuing fresh credit cards, citing ...

Kotak Mahindra Bank shares fell sharply after India's central bank barred it from taking on new clients through online channels and issuing new credit cards. Shares were recently 9.7% lower at ...

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Mumbai: The Reserve Bank of India (RBI) on Wednesday lifted the restrictions on Kotak Mahindra Bank, allowing it to issue new credit cards and onboard new customers through its website and mobile app, ...

The RBI cited the private sector lender’s “continued” failure to address the central bank’s concerns following its IT audit as the reason for the move The RBI said that the bank will continue to ...

This comes after the RBI in April last year decided to cease and desist Kotak Mahindra Bank from onboarding new customers RBI noted that the bank has taken measures to address the erstwhile flagged ...

Kotak Mahindra Bank (Kotak) announced earlier this week the launch of the Cardless Cash Withdrawal Facility through ATMs (Instant Money Transfer – IMT). According to Kotak, the facility empowers ...

MUMBAI: The fourth largest private sector lender Kotak Mahindra Bank has announced a 5:1 stock split coinciding with the 40th anniversary of the establishment of the bank's predecessor as a ...

MUMBAI, June 24 (Reuters) - India's Kotak Mahindra Bank (KTKM.NS), opens new tab will increase its pace of opening new branches and add about 175 to 200 branches in the financial year 2024-25, a ...

Private lender Kotak Mahindra Bank's board on Friday, November 21, approved a stock split in the ratio of 1:5. This means investors will get five shares of Kotak Bank for every one share held by them ...

Kotak Mahindra Bank stock split: One of India's largest private lenders — Kotak Mahindra Bank — announced on Friday, November 14, that its board will meet next week to consider stock split of shares.