Axis pips Kotak Bank as 3rd most valued private bank
Thursday, 25 April 2024 () Axis Bank overtook Kotak Mahindra Bank on Thursday to become India's third most valued private lender after a rout in the latter's stock. Kotak Bank's stock opened deep in the red on Thursday a day after RBI restricted the lender from onboarding customers digitally and issuing credit cards, citing repeated failures to fix "serious deficiencies" in its IT system.
RBI's action against Paytm and Kotak Mahindra Bank for non-compliance raised concerns. Kotak Mahindra's failure to meet data storage requirements led to RBI directives. Similar actions were taken against HDFC Bank in 2020. The events underscore the need for stronger regulatory...
This is the moment a woman wheeled a corpse into a bank and allegedly tried to get him to 'sign off' a loan in her name while holding his head up in front of suspicious staff. Video..
Chief Cashier of the Bank of England Sarah John has welcomed the new bank notes featuring a portrait of His Majesty The King. The King welcomed Mrs John and Governor of the Bank of England Andrew..
Thursday, 25 April 2024 ()
![Brazilian woman wheels dead uncle into a bank and tries to get him to 'sign off' a loan in her name [Video]](https://video.newsserve.net/300/v/20240418/1713476861-Brazilian-woman-wheels-dead-uncle-into-bank.jpg)
![Banking Chief welcomes new notes featuring King's portrait [Video]](https://video.newsserve.net/300/v/20240409/1372233520-Banking-Chief-welcomes-new-notes-featuring-King.jpg)
