Subramanian further stated that SEBI as a regulator of Indian markets has a right to ask questions to any market participants, and Hindenburg's reaction against the Indian market regulator is uncalled for.
The transaction marks the largest foreign investment in India's general insurance market and is the first by a foreign insurer since the foreign direct investment (FDI) limit was raised from 49 per cent to 74 per cent in 2021.
Bengaluru (Karnataka) [India], May 9: slice, India's foremost consumer payments and lending company, is proud to announce the appointment of Arvind Kathpalia as their Chief Risk Advisor. With a career spanning more than three decades in financial services, Kathpalia brings a wealth of exp
Bengaluru (Karnataka) [India], May 8: In a groundbreaking collaboration rooted in a shared commitment to sustainability and inspired by Gurudev Sri Sri Ravi Shankar, The Art of Living and Kotak Mahindra Bank have embarked on a mission to revamp farming practices in Gujarat's Anand district.
In his resignation letter to the board members, KVS Manian stated, "I hereby tender my resignation from the services of Kotak Mahindra Bank for pursuing other opportunities in Financial Services, that I am exploring. Consequently, I would also step down from the Board of the Bank."
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.
In the Nifty 50 index, 19 shares opened with advance while 31 shares in the list opened in red. Axis bank, Eicher Motors and HCL Technologies were among the top gainers in the Nifty 50. While the Kotak Mahindra Bank, Hindustan Unilever Ltd and Tata consumer were made into the list of top
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.
Mumbai (Maharashtra) [India], March 21: Kotak Mahindra Asset Management Company Ltd ("KMAMC") / Kotak Mutual Fund (KMF) through 'Seekho Paiso Ki Bhasha', an investor education and awareness initiative launched six months ago, has covered over 52,000 CBSE teachers across India. The company co
Mumbai (Maharashtra)/ Bengaluru (Karnataka) [India], February 2: Cyril Amarchand Mangaldas advised book running lead managers (ICICI Securities Limited, Citigroup Global Markets India Private Limited, Kotak Mahindra Capital Company Limited, Ambit Private Limited) in the issuance of IPO of In
He posted, "My year end musings. A Financial Sector Model for India's dream: 9% annual growth, $30 trillion GDP by 2047. India is transforming from a nation of savers to investors. The tussle between the saver/ borrower and issuer/ investor model is underway....."
Mumbai (Maharashtra) [India], December 18: A groundbreaking partnership between Kotak Mahindra Bank and IndianOil Corporation Limited, the IndianOil Kotak Credit Card, has been launched to revolutionise the way we refuel.