MUMBAI: 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…
Kotak Mahindra Bank share price today: The Reserve Bank of India‘s (RBI) decision to temporarily halt Kotak Mahindra Bank’s onboarding of new customers through online and mobile banking channels, as well as the issuance of new credit cards, has led to a significant drop in the bank’s share price. The stock fell by up to…
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in red on Thursday. BSE Sensex dipped 200 points and Nifty50 was near 22,300 levels. At 9:35 AM, BSE Sensex was trading at 73,767.43, down 86 points or 0.12%. Nifty50 was at 22,369.05, down 33 points or 0.15%.The Indian stock markets extended…
Third-time lucky! This aptly describes the victory in the arena of Goods and Services Tax (GST) by ‘Parota’ manufacturer and supplier, Modern Food Enterprises. After unsuccessful rulings given by the Authority for Advance Rulings, and later its Appellate Bench, the Kerala high court finally held that Malabar ‘Parota’ is akin to bread, as it has…
MUMBAI: At Rs 1,04,081 crore, online credit card spends crossed the Rs 1-lakh-crore mark for the first time in March. Online card spends rose 20% from about Rs 86,390 crore in March 2023, and 10% from Rs 94,774 crore in Feb 2024. Offline transactions (through point-of-sale machines) stood at Rs 60,378 crore in March, up…
IT extends penalty deadline for those who haven't linked PAN & Aadhaar Source link
When will India’s first bullet train project be completed? The National High-Speed Rail Corporation Limited (NHSRCL), responsible for constructing the 508 km-long bullet train corridor between Ahmedabad and Mumbai, has stated in an RTI reply that the completion date for the entire project can only be determined after all work tenders have been awarded. However,…
Oil and Natural Gas Corp (ONGC) is gearing up to commence a new drilling initiative in June for India’s first geothermal venture in Ladakh. The project aims to establish a sustainable source for emission-free electricity, space heating, and irrigation in challenging landscapes. Source link
The Reserve Bank of India (RBI) has instructed Kotak Mahindra Bank to immediately stop onboarding new customers through its online and mobile banking channels and cease issuing new credit cards. This regulatory action was taken due to concerns about the bank’s compliance and risk management practices.However, RBI has directed Kotak Mahindra Bank to continue providing…
Gold rate today: Gold prices have dropped by Rs 2,900 over 10 days. The current price is Rs 71,065 per 10 grams, down from a record high of Rs 73,958. This decline has happened because investors have become less worried about geopolitical tensions in the Middle East.As per an ET report by Nishtha Awasthi, MCX…
