Kotak Mahindra Bank

Kotak Mahindra Bank in Deep Waters: A Dive into the Recent RBI Ban

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Find out how Kotak Mahindra Bank's share price plummeted and the impact of RBI's restrictions on its growth and operations.

In recent news, Kotak Mahindra Bank faced a significant setback as its share price took a nosedive by 10% following the RBI's actions. Analysts are concerned about the adverse effects the central bank's restrictions may have on the bank's growth prospects. These limitations are not only expected to dampen sentiment but also impact critical areas like net interest margins (NIMs).

Amidst the turmoil, Kotak Mahindra Bank is set to unveil its quarterly results on May 4th, as it strives to reassure its existing customers of uninterrupted services despite the regulatory challenges. However, the bank's stock loss has resulted in a staggering blow of Rs 4281 crore shaved off from mutual funds, with SBI Mutual Fund holding the largest stake.

Furthermore, the RBI's ban on onboarding new customers and issuing credit cards has raised concerns about the bank's IT infrastructure deficiencies. The central bank's stringent measures have prohibited Kotak Mahindra Bank from expanding its customer base through online and mobile channels.

Looking back, Kotak Mahindra Bank's CEO expressed commitment to enhancing the IT platform following the RBI's restrictions, highlighting the bank's dedication to overcoming the challenges. As investors and customers closely monitor the situation, the future trajectory of the bank remains uncertain amidst the regulatory storm.

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Kotak Mahindra Bank share price tanks 10% as RBI action seen ... (Livemint)

Kotak Mahindra Bank share price plunged as RBI restrictions is likely to adversely impact growth, analysts said. They expect the restrictions will be ...

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Kotak Mahindra Bank shares in focus after RBI ban; what private ... (Business Today)

Kotak Mahindra Bank, which is scheduled to report its quarterly results on Saturday, May 4, 2024, said it wants to reassure its existing customers of ...

Kotak Mahindra Bank share price: Kotak Mahindra Bank shares ... (The Economic Times)

The RBI ban is not just sentimentally negative for the company in the short to medium term but is also seen as impacting growth, net interest margins (NIMs) ...

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Kotak Mahindra Bank stock loss erodes Rs 4281 crore from mutual ... (Moneycontrol.com)

As of March 2023, SBI Mutual Fund holds the largest stake in Kotak Mahindra Bank with approximately 7.52 crore shares valued at Rs 13855 crore, ...

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RBI bars Kotak Mahindra Bank from onboarding new customers ... (The Hindu BusinessLine)

RBI bars Kotak Mahindra Bank from onboarding new customers and issuing credit cards due to IT system deficiencies.

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RBI bars Kotak Mahindra Bank from onboarding new customers via ... (Deccan Herald)

“We want to reassure our existing customers of uninterrupted services, including credit card, mobile and net banking. Our branches continue to welcome and ...

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India central bank bars Kotak Mahindra Bank from taking on new ... (Reuters India)

India's central bank said on Wednesday it had barred Kotak Mahindra Bank from taking on new customers via its online and mobile banking channels, and from ...

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RBI ने Kotak Mahindra Bank पर कसा शिकंजा, लगाई ये पाबंदियां, ग्राहकों ... (NDTV India)

RBI action on Kotak Mahindra Bank : आरबीआई की ओर से कहा गया है कि एक मज़बूत आईटी इंफ्रास्टचर न होने के चलते कोटक महिंद्रा बैंक के ...

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Kotak Bank: पीपीबीएल के बाद अब कोटक महिंद्रा बैंक पर चला आरबीआई का ... (अमर उजाला)

Kotak Bank: पीपीबीएल के बाद अब कोटक महिंद्रा बैंक पर चला आरबीआई का डंडा, ग्राहकों पर इसका क्या असर पड़ेगा?

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Kotak Mahindra Bank का शेयर धड़ाम, RBI के एक्शन के बाद 10% टूटा (मनी कंट्रोल)

Kotak Mahindra Bank Share Price: RBI के प्रतिबंध के बाद कई ब्रोकरेजेस का कोटक महिंद्रा बैंक के शेयर में भरोसा घटा है। RBI के मुताबिक, वर्ष ...

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Kotak Mahindra Bank shares plunge 10% following RBI order (Hindustan Times)

Kotak Mahindra Bank share price: identified deficiencies and non-compliances in several areas of the bank's IT system for the years 2022 and 2023.

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Kotak Mahindra Bank के CEO ने खत में कहा- टेक प्लेटफॉर्म को सुधारने ... (BQ Prime Hindi)

RBI ने कोटक महिंद्रा बैंक पर ऑनलाइन नए कस्टमर्स जोड़ने और क्रेडिट कार्ड इश्यू करने पर बुधवार को रोक लगा दी थी.

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Kotak Mahindra Bank 12 प्रतिशत गिरा, पांच साल पहले वाली प्राइस पर ... (Economic Times Hindi)

Kotak Mahindra Bank पर ब्रोकरेज नेटारगेट प्राइस को कम करना शुरू कर दिया है और कहा है कि आरबीआई का एक्शन प्रोडक्ट को क्रॉस-सेल ...

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Should Kotak Mahindra Bank's existing customers worry about the ... (Moneycontrol.com)

RBI has barred the bank from onboarding new customers through its online and mobile banking channels and issuing fresh credit cards, citing supervisory ...

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Explained: Why RBI Stopped Kotak Mahindra Bank From ... (NDTV Profit)

The Reserve Bank of India (RBI) has instructed Kotak Mahindra Bank to stop onboarding new customers online and through mobile banking platforms with ...

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Kotak Mahindra's shares plunge on India cenbank order; CEO tries ... (Reuters India)

Kotak Mahindra Bank's shares plunged on Thursday, a day after India's central bank barred the nation's fourth-biggest private bank by assets from taking on ...

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Kotak Mahindra Bank Down By 12% As Markets Decline In Early ... (NDTV Profit)

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 ...

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Kotak Mahindra Bank, consumer stocks drag Indian shares lower (Reuters India)

India's benchmark indexes fell on Thursday as financials weighed, dragged down by Kotak Mahindra Bank, while consumer stocks fell after an earnings miss ...

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Kotak Mahindra Bank shares crashed 10% today. Here's fresh stock ... (Business Today)

Kotak Mahindra Bank was aggressively growing its credit card business over the past few years, while it also amassed significant number of customers on the ...

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RBI action on Kotak Mahindra Bank: What the restrictions mean for ... (Business Standard)

Finding deficiency in the bank's IT infra, the RBI restricted Kotak Mahindra Bank from issuing new credit cards and acquiring customers online.

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Kotak Mahindra Bank के खिलाफ कड़ी कार्रवाई करने को क्यों मजबूर हुआ ... (मनी कंट्रोल)

पिछले कुछ सालों में RBI का रुख बदला है। पहले वह नियमों का पालन नहीं होने या उलंघन के मामलों में बैंकों पर जुर्माना लगाता था।

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Kotak Bank Share Crash: RBI के एक्शन का कोटक के स्टॉक पर पड़ा असर ... (दैनिक जागरण)

बुधवार को भारतीय रिजर्व बैंक (RBI) ने कोटक महिंद्रा बैंक (Kotak Mahindra Bank) के खिलाफ एक्शन लिया है। इस एक्शन के बाद अनुमान लगाया जा ...

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Axis Bank pips Kotak Mahindra Bank to become 4th most-valued ... (Business Today)

Axis Bank shares: Nirmal Bang has raised its FY25E and FY26E estimates for Axis Bank by 5.8 per cent and 8.3 per cent, respectively.

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Uday Kotak loses ₹10225 crore in a day as Kotak Mahindra Bank ... (Livemint)

Stock Market Today: Kotak Mahindra Bank's share price saw a steep fall of 10.85 per cent to close at ₹1643 levels on the BSE on Thursday following curbs by ...

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सचिन तेंदुलकर के गुरु से ट्रेनिंग लेकर बनना चाहते थे क्रिकेटर, लेकिन खड़ा ... (आज तक)

Kotak Mahindra Bank की नींव देश के सबसे सफल बैंकरों में शुमार उदय कोटक (Uday Kotak) ने महज 26 साल की उम्र में रखी थी.

Kotak Mahindra Bank is the latest student in RBI's classroom - The ... (The Economic Times)

The Reserve Bank of India's (RBI) heightened oversight of banks and other financial institutions has led to a series of regulatory constraints.

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RBI's diktat on Kotak Mahindra Bank: What should existing ... (Moneycontrol.com)

The bank will continue to provide services to its existing clients, including credit card customers. But if you have applied for a loan or to open an ...

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RBI की कार्रवाई का असर…Kotak Mahindra Bank का शेयर 12% फिसला (Business Standard Hindi)

कोटक महिंद्रा बैंक को पीछे छोड़ते हुए एक्सिस बैंक बाजार मूल्यांकन के हिसाब से देश का चौथा सबसे मूल्यवान बैंक बन गया।

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RBI Action on Kotak Mahindra Bank: आरबीआई बैंकिंग इंडस्ट्री में ... (मनी कंट्रोल)

RBI Restrictions on Kotak Mahindra Bank: आरबीआई ने 24 अप्रैल को कोटक महिंद्रा बैंक के खिलाफ बड़ा एक्शन लिया। RBI ने कोटक महिंद्रा बैंक (Kotak ...

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kotak bank share price: Operations continue uninterrupted: Kotak ... (The Economic Times)

Kotak Mahindra Bank has reassured customers that all operations are continuing, despite the Reserve Bank of India (RBI) halting new customer sign-ups due to ...

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Kotak Mahindra Bank actively working to address RBI's concerns: CEO (Business Standard)

A day after the severe action by the Reserve Bank of India (RBI), Kotak Mahindra Bank's Chief Executive Officer and Managing Director Ashok Vaswani on ...

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Rs 1000 turns into Rs 20 lakh in 1 day! Short contracts of Kotak ... (Moneycontrol.com)

Kotak Mahindra Bank's shares fell by nearly 11% on April 25, a day after RBI barred the lender from taking on new digital clients and issuing credit cards.

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Kotak Mahindra Bank में क्या आपका अकाउंट है सेफ? कस्टमर का क्रेडिट ... (मनी कंट्रोल)

Kotak Mahindra Bank: भारतीय रिजर्व बैंक (RBI) के प्राइवेट सेक्टर बैंक कोटक महिंद्रा बैंक को अपने ऑनलाइन और मोबाइल बैंकिंग चैनलों के ...

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बैंक से टेक नहीं हो रहा... कोटक महिंद्रा बैंक के संकट पर अशनीर ग्रोवर की चुटकी (Hindustan हिंदी)

दरअसल, रिजर्व बैंक द्वारा कोटक महिंद्रा बैंक को अपने ऑनलाइन प्लेटफॉर्म के माध्यम से नए ग्राहकों को जोड़ने और नए क्रेडिट कार्ड ...

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Kotak Mahindra Bank: Will profit hit badly post RBI curbs? Nomura ... (Business Today)

Kotak Bank ban: In the past, the RBI removed restrictions on the issuance of credit cards on HDFC Bank in August 2021, while the restrictions on HDFC Bank's ...

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Kotak Mahindra Bank आरबीआई की चिंताओं को दूर करने के लिए सक्रियता ... (NDTV India)

आरबीआई की कार्रवाई के एक दिन बाद उन्होंने यह बात कही. उन्होंने कोटक महिंद्रा बैंक (Kotak Bank RBI) के सोशल मीडिया हैंडल पर लिखा है कि बैंक ...

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How brokerage calls stack up on Kotak Mahindra Bank after RBI ... (Moneycontrol.com)

Brokerages like HSBC, Jefferies India, Morgan Stanley, Nomura, Macquarie, and Motilal Oswal Securities maintained their rating and kept their target price ...

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Ashneer Grover mocks Kotak Mahindra Bank: 'LOL! Banks se tech ... (Hindustan Times)

Ashneer Grover's tweet against Kotak Mahindra Bank comes after RBI said that the bank's IT system has been facing issues in the past two years.

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Kotak: ₹30 लाख से शुरुआत; RBI का डंडा चला तो संस्थापक के एक दिन में ही ... (अमर उजाला)

Kotak Mahindra Bank: आरबीआई की कार्रवाई के बाद कोटक महिंद्रा बैंक को गुरुवार के दिन मार्केट कैप के लिहाज से बड़ा झटका लगा।

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Kotak Mahindra Bank: Shedding the underperformer tag may be a ... (The Hindu BusinessLine)

Kotak Mahindra Bank struggles with stock price erosion and RBI ban on digital operations, raising questions on future performance.

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Big Movers on D-Street: What should investors do with Kotak ... (The Economic Times)

Thursday's session saw Kotak Mahindra Bank shares ending 11% lower at Rs 1643 on NSE while Hitachi Energy India shares ended nearly 14% up at Rs 9342 on ...

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