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Kotak Mahindra Bank
Kotak Mahindra Bank shares climb nearly 5% after Q4 earnings
The stock climbed 4.85 per cent to Rs 1,622.35 on the BSE.
06 May 2024, 07:16 IST
Kotak Mahindra Bank shares climb nearly 5% after Q4 earnings
06 May 2024, 07:16 IST
RBI action to have limited fin impact; more worried about reputational damage: Kotak Mahindra Bank
Vaswani, who took over office only in January this year, said it is redoubling its efforts on the tech front, and winning back trust is the 'top priority' for the lender now.
04 May 2024, 15:00 IST
RBI action to have limited fin impact; more worried about reputational damage: Kotak Mahindra Bank
04 May 2024, 15:00 IST
Kotak Bank posts 18% rise in Q4 profit at Rs 4,133 crore
Total income rose to Rs 15,285 crore in March quarter of financial year 2023-24, from Rs 12,007 crore in the year-ago period.
04 May 2024, 09:51 IST
Kotak Bank posts 18% rise in Q4 profit at Rs 4,133 crore
04 May 2024, 09:51 IST
Kotak Mahindra Bank shares decline over 4%; hit 52-week low
The private sector lender's stock tanked 4.38 per cent to hit its 52-week low of Rs 1,552.55 on the BSE. At the NSE, it went lower by 4.40 per cent to Rs 1,552.40 -- the 52-week low.
02 May 2024, 06:43 IST
Kotak Mahindra Bank shares decline over 4%; hit 52-week low
02 May 2024, 06:43 IST
Kotak Mahindra Bank Joint MD KVS Manian steps down
The surprising news of the departure comes days after the RBI put severe business restrictions on the lender.
30 April 2024, 16:41 IST
Kotak Mahindra Bank Joint MD KVS Manian steps down
30 April 2024, 16:41 IST
How a faltering Kotak Mahindra Bank exposes pitfalls of India’s tech ambition
On Thursday evening, a glitch in ICICI Bank Ltd.’s app exposed data on about 17,000 new credit card customers. State lender Union Bank of India Ltd.’s customers recently aired similar grievances on social media, including an inability to use the bank’s app, netbanking or UPI for transactions for several hours. In 2020, HDFC Bank Ltd. was punished by the RBI after outages in its digital banking offerings.
26 April 2024, 09:22 IST
How a faltering Kotak Mahindra Bank exposes pitfalls of India’s tech ambition
26 April 2024, 09:22 IST
Kotak Mahindra Bank actively working to address RBI's concerns: CEO
Immediately after the RBI action, the bank had on Wednesday said it has taken measures for the adoption of new technologies to strengthen its IT systems and will continue to work with the apex bank to swiftly resolve balance issues at the earliest.
25 April 2024, 15:55 IST
Kotak Mahindra Bank actively working to address RBI's concerns: CEO
25 April 2024, 15:55 IST
Explained | Why RBI barred Kotak Mahindra Bank from onboarding new customers, issuing credit cards
RBI issued a statement which said that 'significant concerns' arose out of its IT department's examination of the bank since 2022.
25 April 2024, 11:13 IST
Explained | Why RBI barred Kotak Mahindra Bank from onboarding new customers, issuing credit cards
25 April 2024, 11:13 IST
Kotak Mahindra Bank shares tank 13%; mcap erodes by Rs 37,721 crore post RBI action
Cracking down on repeated non-compliance of IT norms, the RBI on Wednesday barred Kotak Mahindra Bank from onboarding new customers through its online and mobile banking channels and issuing fresh credit cards with immediate effect after the regulator found 'serious deficiencies' in the lender's IT risk management.
25 April 2024, 06:00 IST
Kotak Mahindra Bank shares tank 13%; mcap erodes by Rs 37,721 crore post RBI action
25 April 2024, 06:00 IST
RBI bars Kotak Mahindra Bank from onboarding new customers via mobile and online channels, issue fresh credit cards
These actions, the RBI said, are necessitated based on significant concerns arising out of Reserve Bank's IT examination of the bank for the years 2022 and 2023 and the continued failure on part of the bank to address these concerns in a comprehensive and timely manner.
24 April 2024, 10:47 IST
RBI bars Kotak Mahindra Bank from onboarding new customers via mobile and online channels, issue fresh credit cards
24 April 2024, 10:47 IST
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