Kotak Mahindra Bank News

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.

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.

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 on Tuesday announced that its joint managing director KVS Manian, a veteran at the private sector lender, has stepped down with immediate effect.

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 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.

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.

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.

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.

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".

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

Kotak Mahindra Bank has received approval from the Reserve Bank of India (RBI) for the appointment of Ashok Vaswani as the bank's Managing Director and Chief Executive Officer.

In much to his shock and surprise, a pharmacy staff from Chennai received a message that Rs 753 crore had been deposited in his Kotak Mahindra Bank account, the official said on Sunday.

Uday Kotak, the founder of Kotak Mahindra Bank, has surprised the financial world by resigning as the CEO and MD months before his expected tenure ends.

A Kotak Mahindra Bank arm today announced that it has raised $1.25 billion for its second special situations fund.

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.

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.

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 on Tuesday announced that its joint managing director KVS Manian, a veteran at the private sector lender, has stepped down with immediate effect.

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 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.

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.

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.

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.

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".

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

Kotak Mahindra Bank has received approval from the Reserve Bank of India (RBI) for the appointment of Ashok Vaswani as the bank's Managing Director and Chief Executive Officer.

In much to his shock and surprise, a pharmacy staff from Chennai received a message that Rs 753 crore had been deposited in his Kotak Mahindra Bank account, the official said on Sunday.

Uday Kotak, the founder of Kotak Mahindra Bank, has surprised the financial world by resigning as the CEO and MD months before his expected tenure ends.

A Kotak Mahindra Bank arm today announced that it has raised $1.25 billion for its second special situations fund.