kotak mahindra bank

RBI Restrictions On Kotak Mahindra Bank: What Does It Mean For Current Customers?

In a recent development, the Reserve Bank of India (RBI) has instructed Kotak Mahindra Bank to cease on boarding new customers through its online and mobile banking platforms, along with suspending the issuance of fresh credit cards with immediate effect. This regulatory action from the RBI follows the identification of...

Uday Kotak Resigns As MD & CEO; To Serve as Non-executive Director

Uday Kotak, the founder of Kotak Mahindra Bank, has made the significant decision to resign from his role as CEO and MD, citing a strong focus on succession planning. Taking to X (formerly Twitter) to announce this resignation, he conveyed, "The matter of succession at Kotak Mahindra Bank has been...