Kotak Mahindra’s Stock Drops Following Card And Online Client Restrictions
26 Apr 2024 07:41 AM IST
The timing of the regulatory action adds complexity to the situation, considering Uday Kotak's recent transition to a new CEO, Ashok Vaswani, at the beginning of the year. Vaswani has emphasized the importance of scale for the bank's growth trajectory and highlighted ongoing investments in technology to enhance operational efficiency and customer experience.
