The RBI said the penalties are based on deficiencies in regulatory compliance and not intended to pronounce upon the validity of any transaction or agreement entered into by the banks with their customers.
Kotak Mahindra Bank (Kotak) on Thursday announced that it has reduced its rate on home loans by a further 10 basis points (bps) to 6.9 per cent per annum.
Leading stock exchange BSE on Thursday said eight companies, including Bharat Heavy Electricals Ltd, Housing Development Finance Corporation Ltd (HDFC), Kotak Mahindra Prime Ltd, have filed applications with the exchange to list their commercial papers (CPs).
The accused, identified as Prabhjot Singh (25) and Sukhdev Singh (19), were arrested while a third person, Inderjeet, who had brought the pistol used to commit the crime, has been absconding, they said.
The tech giant added that it was working with the banks to provide instant loans to Google Pay users.
New Delhi: Eminent banker Uday Kotak has blamed rival lenders of refusing to face up to the scale of the bad loan crisis. Kotak, one of the top private-sector banks has said that only half
With a net worth of $7.1 billion (Rs 47,000 crore approx.), Kotak Mahindra Bank Chief Uday Kotak has emerged as the sole Indian in the Forbes' list of 40 of the most powerful people in the financial world
New Delhi: The merger deal between Kotak Mahindra Bank and ING Vysya Bank has received the Reserve Bank's approval, which would create the country's fourth largest private sector lender. "The scheme of amalgamation (of Kotak Mahindra
New Delhi: Shares of Multi Commodity Exchange of India (MCX) jumped a whooping 14% on Monday morning trade, after Kotak Mahindra Bank Ltd agreed to acquire 15 per cent stake in MCX for Rs.459 crore
New Delhi: Government has appointed five merchant bankers, including SBI Caps and Kotak Mahindra, for the upcoming 17 per cent follow-on public offer of state-run Power Grid Corporation." Citigroup, ICICI Securities, UBS, SBI Caps and
Mumbai: Private sector lender DCB Bank is confident of getting down the promoter holding to the Reserve Bank-mandated levels by March next and will not seek an extension this time, a top official said.“Even though
Mumbai, July 19: Private sector lender Kotak Mahindra Bank has reported a 43 per cent rise in its standalone net profit at Rs 403 crore in the first quarter of current financial year, on the
Mumbai, Oct 31: Kotak Mahindra Capital Company (Kotak Investment Banking), a subsidiary of Kotak Mahindra Bank, and the New York-based Evercore Partners, a leading investment banking advisory firm, today entered into an exclusive alliance for
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