The bank was directed to cease and desist from onboarding new customers through its online and mobile banking channels, and ...

After more than nine months of imposing severe business restrictions on Kotak Mahindra Bank because of concerns on the technology front, the Reserve Bank of India (RBI) on Wednesday announced lifting ...

Kotak Mahindra Bank welcomed the decision, confirming that it would soon resume digital onboarding and credit card issuance.

RBI had asked place restrictions in April last year after finding deficiencies and non-compliances in Kotak Mahindra Bank’s ...

The Reserve Bank of India said on Wednesday that it had lifted its 10-month-old order barring Kotak Mahindra Bank from ...

The Reserve Bank of India has started to ease curbs on non-banking financial companies (NBFCs) and banks after they improved ...

India's central bank on Wednesday lifted its 10-month-long restriction on Kotak Mahindra Bank that had barred the lender from ...

The central bank imposed certain business restrictions on Kotak Mahindra Bank on April 24, 2024, and put restrictions on the ...

India's central bank on Wednesday lifted restrictions on Kotak Mahindra Bank that had barred the lender from taking on new customers via its online and mobile banking channels and from issuing new ...

Among private sector banks, lenders such as ICICI Bank, Axis Bank and Kotak Mahindra Bank have reported an 18 bps, 8 bps and 29 bps dip in margins, respectively, over the past one year.

Indian private banks say they expect increases in defaults on small and personal loans due to slower economic growth to ...

Amid the ongoing funding challenges and delayed payments, the Unified Lending Interface (ULI) is set to transform credit ...