Kotak Mahindra Bank appoints Bhavnish Lathia as CTO
Kotak Mahindra Bank has announced the appointment of Bhavnish Lathia as its new Chief Technology Officer (CTO), reinforcing the bank’s […]
Kotak Mahindra Bank has announced the appointment of Bhavnish Lathia as its new Chief Technology Officer (CTO), reinforcing the bank’s […]
The lifting of these restrictions suggests that Kotak Mahindra Bank has taken substantial remedial actions to address the RBI’s concerns.
The RBI’s directive was a response to supervisory concerns identified during regulatory reviews.
In a stock exchange filing, Kotak Mahindra Bank confirmed the acquisition, stating, “After receiving the necessary regulatory approvals and fulfilling the relevant conditions precedent, the Bank has, today, i.e., on January 23, 2025, completed the aforesaid acquisition.”
Kotak’s provisions and contingencies, or funds set aside for potential bad loans, jumped 37% to 7.94 billion rupees.
On July 2, Hindenburg Research said Kotak Mahindra Bank and brokerage firms founded by Uday Kotak created and managed the