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Kotak Mahindra Bank Held Guilty Of Perjury, Official Jailed For 3 Months
A Chennai court held Kotak Mahindra Bank guilty of perjury and imposed a fine of Rs 1,50,000 on it for collecting excess money on a loan issued to a customer.
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Investors' Wealth Surges Rs 6.59 Lakh Crore As Markets Breach 83,000-Mark
Among the 30 Sensex firms, Bharti Airtel, NTPC, Mahindra & Mahindra, JSW Steel, Adani Ports, State Bank of India, Tech Mahindra, Tata Steel, Larsen & Toubro and Kotak Mahindra Bank were the biggest gainers.
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Kotak Bank Falls On Allegation It Set Up Fund To Short Sell Adani Enterprises
Shares of Kotak Mahindra Bank Ltd. fell on Tuesday after short-seller Hindenburg Research, in its response, alleged that Kotak Mahindra Investment Ltd. had created and oversaw an offshore fund structure to bet against Adani Enterprises Ltd.
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Fund Set Up By Kotak Mahindra Bank Used To Short Sell Adani Enterprises
Market regulator Securities and Exchange Board of India (SEBI) has alleged that foreign portfolio investor Kingdon Capital Management LLC and its entities aided Hindenburg to indirectly participate in Adani Enterprises Ltd.
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Kotak Mahindra Bank Joint MD KVS Manian Resigns
Kotak Mahindra Bank on Tuesday announced that its joint managing director KVS Manian, a veteran at the private sector lender, has stepped down with immediate effect.
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Rs 1,000 Turned To Rs 20 Lakh In A Day? Trader's Big Claim On Kotak Bank
The "21 din me paisa double" dialogue from 'Phir Hera Pheri' has become a quintessential meme template. But a trader's move in the share market two days ago has likely topped it by a multifold.
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Uday Kotak Loses Rs 10,800 Crore In A Day After RBI Action
Uday Kotak built his Kotak Mahindra Bank Ltd. over decades to become Asia's richest banker. After India's regulator slapped his bank with a surprise ban, he's facing one of his biggest tests yet - and a dip in wealth.
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Explained: Why RBI Stopped Kotak Mahindra Bank From Onboarding New Customers Online
The Reserve Bank of India (RBI) has instructed Kotak Mahindra Bank to stop onboarding new customers online and through mobile banking platforms with immediate effect.
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Kotak Mahindra Bank Down By 12% As Markets Decline In Early Trade
Equity benchmark indices declined in early trade on Thursday, giving up their gains of last four days, amid heavy selling in Kotak Mahindra Bank and foreign fund outflows.
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Kotak Bank Promoter Donated Rs 60 Crore To BJP Via Electoral Bonds
Infina Finance, one of the promoter group entities of Kotak Mahindra Bank - currently facing RBI action, had donated electoral bonds worth Rs 60 crore to the BJP.
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New Customers Welcome At Branches: Kotak Mahindra Bank After RBI Rap
Hours after the RBI prohibited Kotak Mahindra Bank from onboarding new customers online and issuing fresh credit cards, citing issues with the company's data security and IT infrastructure, the bank has said it is adopting new techonologies.
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Should Existing Kotak Mahindra Bank Customers Be Worried Over RBI Curbs?
Kotak Mahindra Bank must immediately stop onboarding new customers through its online and mobile banking channels and issuing new credit cards, the Reserve Bank of India said as it flagged "serious deficiencies and non-compliances".
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RBI Curbs On Kotak Mahindra Bank: No New Online Customers, Credit Cards
Citing data security concerns, the Reserve Bank of India has barred Kotak Mahindra Bank from onboarding new customers online and issuing new credit cards with immediate effect. The bank can, however, continue to serve its customers
-
Uday Kotak Compares New York Property Discount To Mumbai's BKC, Comment Viral
As per a post by investor Nilesh Shah on X, the building was last sold for $150 million against its previously sold cost of $500 million.
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3 Managers Of Reputed Private Bank Arrested For Cyber Fraud In Gurugram
Four people, including three managers of a private bank, have been arrested in Gurugram for their alleged involvement in cyber fraud, police said today.
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Kotak Mahindra Bank Held Guilty Of Perjury, Official Jailed For 3 Months
A Chennai court held Kotak Mahindra Bank guilty of perjury and imposed a fine of Rs 1,50,000 on it for collecting excess money on a loan issued to a customer.
-
Investors' Wealth Surges Rs 6.59 Lakh Crore As Markets Breach 83,000-Mark
Among the 30 Sensex firms, Bharti Airtel, NTPC, Mahindra & Mahindra, JSW Steel, Adani Ports, State Bank of India, Tech Mahindra, Tata Steel, Larsen & Toubro and Kotak Mahindra Bank were the biggest gainers.
-
Kotak Bank Falls On Allegation It Set Up Fund To Short Sell Adani Enterprises
Shares of Kotak Mahindra Bank Ltd. fell on Tuesday after short-seller Hindenburg Research, in its response, alleged that Kotak Mahindra Investment Ltd. had created and oversaw an offshore fund structure to bet against Adani Enterprises Ltd.
-
Fund Set Up By Kotak Mahindra Bank Used To Short Sell Adani Enterprises
Market regulator Securities and Exchange Board of India (SEBI) has alleged that foreign portfolio investor Kingdon Capital Management LLC and its entities aided Hindenburg to indirectly participate in Adani Enterprises Ltd.
-
Kotak Mahindra Bank Joint MD KVS Manian Resigns
Kotak Mahindra Bank on Tuesday announced that its joint managing director KVS Manian, a veteran at the private sector lender, has stepped down with immediate effect.
-
Rs 1,000 Turned To Rs 20 Lakh In A Day? Trader's Big Claim On Kotak Bank
The "21 din me paisa double" dialogue from 'Phir Hera Pheri' has become a quintessential meme template. But a trader's move in the share market two days ago has likely topped it by a multifold.
-
Uday Kotak Loses Rs 10,800 Crore In A Day After RBI Action
Uday Kotak built his Kotak Mahindra Bank Ltd. over decades to become Asia's richest banker. After India's regulator slapped his bank with a surprise ban, he's facing one of his biggest tests yet - and a dip in wealth.
-
Explained: Why RBI Stopped Kotak Mahindra Bank From Onboarding New Customers Online
The Reserve Bank of India (RBI) has instructed Kotak Mahindra Bank to stop onboarding new customers online and through mobile banking platforms with immediate effect.
-
Kotak Mahindra Bank Down By 12% As Markets Decline In Early Trade
Equity benchmark indices declined in early trade on Thursday, giving up their gains of last four days, amid heavy selling in Kotak Mahindra Bank and foreign fund outflows.
-
Kotak Bank Promoter Donated Rs 60 Crore To BJP Via Electoral Bonds
Infina Finance, one of the promoter group entities of Kotak Mahindra Bank - currently facing RBI action, had donated electoral bonds worth Rs 60 crore to the BJP.
-
New Customers Welcome At Branches: Kotak Mahindra Bank After RBI Rap
Hours after the RBI prohibited Kotak Mahindra Bank from onboarding new customers online and issuing fresh credit cards, citing issues with the company's data security and IT infrastructure, the bank has said it is adopting new techonologies.
-
Should Existing Kotak Mahindra Bank Customers Be Worried Over RBI Curbs?
Kotak Mahindra Bank must immediately stop onboarding new customers through its online and mobile banking channels and issuing new credit cards, the Reserve Bank of India said as it flagged "serious deficiencies and non-compliances".
-
RBI Curbs On Kotak Mahindra Bank: No New Online Customers, Credit Cards
Citing data security concerns, the Reserve Bank of India has barred Kotak Mahindra Bank from onboarding new customers online and issuing new credit cards with immediate effect. The bank can, however, continue to serve its customers
-
Uday Kotak Compares New York Property Discount To Mumbai's BKC, Comment Viral
As per a post by investor Nilesh Shah on X, the building was last sold for $150 million against its previously sold cost of $500 million.
-
3 Managers Of Reputed Private Bank Arrested For Cyber Fraud In Gurugram
Four people, including three managers of a private bank, have been arrested in Gurugram for their alleged involvement in cyber fraud, police said today.
