Kotak Bank Sees Rs. 300-500 Crore Hit to Profit After RBI Curbs

Kotak Bank faces substantial financial challenges due to RBI's digital onboarding directive, with projected profit drop of Rs 300-500 crore.

Is it time to buy Kotak Bank stock?

While Kotak Bank stock has had its share of ups and downs, it's always prudent to approach with caution when buying a volatile stock.

RBI has directed banks to end unfair practices in loan business, including charging interest from loan sanction date. Refunds to be given.

RBI warns against Prepaid Payment Instruments by unauthorized apps/websites. Verify legitimacy before transactions.

Kotak Mahindra Stock fell by over 10% today because RBI has put restrictions on onboarding new customers and issuing new credit cards.

Why RBI barred Kotak Mahindra Bank: Here's the reason why RBI has stopped Kotak Bank from Issuing Credit Cards, Adding New Customers

The Reserve Bank of India has set the rules of Key Facts Statement (KFS) for loans and advances. Check all details here

Know what finance minister has said about BoB world app scam and what is the app all about.

ATM Cash Deposit With UPI will be available soon for customers of State Bank of India, HDFC, Axis, ICICI, and all other banks. See Details