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RBI slaps Rs 2 cr penalty on Kotak Mahindra Bank

As per RBI's banking licensing norms, a private bank's promoter holding has to be brought down to 40 per cent within three years of operations, 20 per cent within 10 years and 15 per cent within 15......

Why is Uday Kotak being singled out for his bank's success?

'I find the RBI edict to the Kotak Mahindra Bank to reduce Uday Kotak's shareholding very unreasonable,' says Sudhir Bisht. IMAGE: Uday Kotak, non-executive chairman, Infrastructure Leasing and......

Sensex gets a boost from lower crude prices, firm rupee and Kotak Bank

Kotak Mahindra Bank was the biggest gainer on both the indices, ending nearly 9 per cent higher following reports that Warren Buffett's Berkshire Hathaway Inc was planning to pick up stake in the......

Will UPI in a new avatar make digital payments safer?

Apart from SBI, UPI 2.0 partner banks are HDFC Bank, Axis Bank, ICICI Bank, IDBI Bank, RBL Bank, YES Bank, Kotak Mahindra Bank, IndusInd Bank, Federal Bank and HSBC. The National Payments......

Kotak Bank cuts base rate by 0.15%

Private sector lender Kotak Mahindra Bank on Monday joined its larger rivals and announced a 0.15 per cent cut in base rate to 9.85 per cent. "We have reduced our base rate from the current level......

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DCM SHRIRAM Plunges by 5%; BSE 500 Index Down 0.1%

Posted by Equitymaster DCM SHRIRAM share price has plunged 5% and is presently trading at Rs 560. Meanwhile, the BSE 500 Index is at 15,433 (down... ...

http://feeds.equitymaster.com/~r/TodaysMarket/~3/fzc3dP-PHiE/indian-share-markets-updates.asp

ADANI TRANSMISSION Surges by 7%; BSE POWER Index Up 0.4%

Posted by Equitymaster ADANI TRANSMISSION share price has zoomed 7% and is presently trading at Rs 239. Meanwhile, the BSE POWER Index is at 2,004... ...

http://feeds.equitymaster.com/~r/TodaysMarket/~3/ZCeEe6naKjc/indian-share-markets-updates.asp

INDIABULLS VENTURES Surges by 10%; BSE 500 Index Down 0.5%

Posted by Equitymaster INDIABULLS VENTURES share price has zoomed 10% and is presently trading at Rs 291. Meanwhile, the BSE 500 Index is at 15,424... ...

http://feeds.equitymaster.com/~r/TodaysMarket/~3/Re0PuQGQaY8/indian-share-markets-updates.asp

Falling Crude Oil Prices, Jet Airways Saga, and Top Cues in Focus Today

Posted by Equitymaster On Wednesday, Indian share markets snapped their 3-day winning streak and ended their trading session on a negative note.... ...

http://feeds.equitymaster.com/~r/TodaysMarket/~3/Zh9nIEDZQf0/tm.asp

Biggest bank frauds in the past 11 years

Of the total 53,334 cases of frauds reported during 2008-09 and 2018-19 fiscal years, involving a whopping Rs 2.05 lakh crore, ICICI Bank's 6,811... ...

http://www.rediff.com/money/report/biggest-bank-frauds-in-the-past-11-years/20190612.htm

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