The shares of Kotak Mahindra Bank fell around 10 percent after RBI barred the bank for on boarding new online customers, and issuing new credit cards. The investors reacted negatively since the opening of the market on the Thursday session, selling pressure is high on the Kotak shares.
The Reserve Bank of India (RBI) has directed Kotak Mahindra Bank to cease onboarding new customers through its online and mobile banking channels, and issuing fresh credit cards.
Popular fintech company Paytm is actively collaborating with its banking partners to ensure a smooth transition to its new Unified Payments Interface (UPI) platform for merchants and consumers alike.
New Delhi [India], April 18: For the modern consumer, having access to credit is essential for meeting various expenses with maximum value on each rupee they spend. Rewards programmes, cashbacks, discounts, offers: all of these make using credit cards well worth their while. Some financial e
Pune (Maharashtra) [India], April 15: It is important to maintain a robust credit score for accessing favourable loan terms and credit opportunities. Bajaj Markets, a subsidiary of Bajaj Finserv presents a curated selection of 30+ credit cards designed to help individuals elevate their credi
New Delhi [India], April 9: Credit card reward programs provide valuable incentives and perks for credit cards users, making it a must to consider this aspect before availing one. By selecting a reward program that is in line with your spending behaviour, you can ensure to derive maximum
Pune (Maharashtra) [India], April 2: Bajaj Markets empowers users to effortlessly analyse their credit profiles and check their CIBIL score for free. Recognising the significance of creditworthiness in accessing financial products, Bajaj Markets offers individuals a seamless opportunity to u
Mumbai (Maharashtra) [India], April 2: Tata AIA Life Insurance Co. Ltd. (Tata AIA), one of India's leading life insurers, has launched a premium payment service on its WhatsApp platform marking the first-ever launch of its kind in the life insurance sector. Previously limited to UPI-based
Pune (Maharashtra) [India], April 1: Bajaj Markets, a subsidiary of Bajaj Finserv, empowers users to spend smartly and earn while they do, with a wide range of credit card options. The array of 30+ credit cards from top banks and financial institutions helps individuals save on their everyda
New Delhi [India], March 21: Credit Cards have become a ubiquitous part of modern life so much so that they have changed our lives and work. One of the most significant features of credit cards is their convenience. It not only eliminates the need for carrying cash, but also allow you keep t