RBI cracks down on Kotak Mahindra Bank for non-compliance over IT issues
After examining the lender’s information technology systems in 2022 and 2023, the regulator had flagged several issues. But the bank remained non-compliant.
24 April, 2024•2 min
0
24 April, 2024•2 min
0
More in Business
Business
NSE moves to settle colocation case with SEBI, sees sharp dip in profit
The stock exchange’s Q2 bottom line slipped on the back of a near Rs 1,300 crore provision to settle the long-pending case.
You may also like
Economy
What does the RBI’s new rule mean for corporate acquisitions?
Indian banks have been allowed to fund M&As, but the framework will matter as much as the opportunity.
Business
RBI’s rate cuts fail to arrest India’s economic decline
Despite the go-go narrative, it is clear that the country’s economic growth is in a funk. What’s more, history shows that further interest rate cuts to fuel stalled growth will be as futile as flogging a dead horse.
Business
India’s business next-gen a lazy and unambitious lot? Not really.
Uday Kotak says heirs are choosing to manage family money rather than run real businesses. This lament doesn’t stand scrutiny.