Sunday, July 21, 2024

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Kotak Mahindra Bank

What happened to Kotak Mahindra Bank? RBI orders it to stop issuing credit cards and onboarding new online customers: Here is what it means

RBI bars Kotak Mahindra Bank from onboarding new customers through online, mobile banking; issuing new credit cards

Uday Kotak resigns as CEO and Managing Director of Kotak Mahindra Bank

As an interim measure, Dipak Gupta, the joint managing director, will assume the roles of MD and CEO until December 31, after obtaining the approval of the RBI and the bank's members.

Kotak Mahindra Bank MD and CEO Uday Kotak says he inadvertently called USD ‘biggest financial terrorist’, here is what he meant

"I think we are at a crucial time in the world history where the world is desperately looking for an alternative reserve currency," Uday Kotak said.

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