Kotak Mahindra Bank share slung 10.03% due to RBI curbs on its new customer acquisition
Kotak Mahindra Bank news update
Kotak Mahindra Bank saw its share price plummet by 10% during early trading on Thursday following punitive measures by the...
Credit card expenditures surged by 27% to reach Rs 18.26 trillion in FY24, as per RBI statistics
Credit card
Credit card expenditures increased by 27% year-on-year (Y-o-Y) to Rs 18.26 trillion in the financial year 2023-24 (FY24) from around Rs 14 trillion...
RBI takes significant measures against Kotak Mahindra Bank! The bank is prohibited from issuing new credit cards and digitally onboarding new customers
RBI takes significant measures against Kotak Mahindra Bank!
Serious deficiencies and non-compliances were observed in the areas of IT inventory management, patch and change management,...
The rupee reaches a two-week peak buoyed by enhanced risk appetite, while forward premiums see a slight increase
The rupee reaches a two-week peak
On Wednesday, the Indian rupee surged, supported by an uptick in risk appetite that boosted other Asian currencies. Additionally,...
“PayU Secures RBI’s Preliminary Approval as Payment Aggregator: A Significant Step Forward”
PayU secure preliminary approval of RBI
On Tuesday, PayU, a fintech company backed by Prosus, announced that it has received an initial approval from the...
Mahindra Finance experiences a 5% decline as the company postpones its earnings meeting due to the discovery of a Rs 150 crore fraud
Mahindra Finance
Mahindra Financial Services saw its stock price tumble by over 7% in early trading on Tuesday and bounce back to 5% negative following...
Stock market live update: Nifty open in green amid gobal market potivity
Stock market live
As days pass and Middle East conflict dilutes the global market moving toward stability.US market Dow Jones Futures traded 0.02% up, Nasdaq...
Reliance Q4 Results:Report indicates a 1.8% decrease in profit to Rs 18,951 crore, alongside the announcement of a Rs 10 dividend.
Reliance Q4 Results:
Reliance Industries Limited (RIL) disclosed a 1.8% year-on-year (Y-o-Y) dip in its consolidated net profit (attributed to the company's owners) for the...
HDFC Q4 FY24 result update: net profit of ₹16,512 crore, with retail loans showing impressive growth of 108.9%.
HDFC Q4 FY24 result update:
On April 20, HDFC Bank announced a net profit of Rs 16,512 crore for the January-March quarter of the fiscal...
RBI imposes monetary penalty on NABFINS Limited, Bengalur
RBI in action:
The Reserve Bank of India (RBI) has, by an order dated April 15, 2024, imposed a monetary penalty of ₹10 lakh (Rupees...
RBI:An external member of the MPC asserts that banks need to enhance the appeal of deposits for retail customers
RBI MPC comment
Banks are urged to improve the attractiveness of deposits for their clientele. They often prioritize raising rates for large corporate deposits, which...
GIC’s 10% stake would be sold by the government during the fiscal year 2025
GIC(General insurance corporation of India):
A senior official informed FE that the government is considering selling a stake of up to 10% in the state-run...
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