RBI bars Kotak Bank from adding customers digitally
Thu, Apr 25, 2024 9:09 AM

RBI bars Kotak Bank from adding customers digitally

A Flip by Shubhangi Gupta
Get it on Google Play
The Reserve Bank of India (RBI) barred Kotak Mahindra Bank from signing up new customers through its online and mobile banking channels, and issuing fresh credit cards, among the toughest curbs imposed on a scheduled bank. The regulator said Kotak had failed to fix its IT systems after being asked to do so continuously over the past two years.

More great flips

Kansai Nerolac Paints' net profit up 18.76% in Q4 FY24

Kansai Nerolac Paints' net profit up 18.76% in Q4 FY24

NEW DELHI: Kansai Nerolac Paints has reported a growth of 18.76 per cent in its net consolidated profit during the quarter ended March 31, 2024. Its profit after tax stood at Rs 114.29 crore in Q4 FY24 as against Rs 96.24 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing.The company's net consolidated total income stood at Rs 1,801.92 crore.

Open Flip
Birla Corporation's net profit increases by 127.59% in Q4 FY24

Birla Corporation's net profit increases by 127.59% in Q4 FY24

NEW DELHI: Birla Corporation (BCL) has reported a growth of 127.59 per cent in its net consolidated profit during the quarter ended March 31, 2024. Its profit after tax stood at Rs 193.34 crore in Q4 FY24 as against Rs 84.95 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing.

Open Flip
Dalal Street Rollercoaster: Profit-Taking looms as volatility soars

Dalal Street Rollercoaster: Profit-Taking looms as volatility soars

In the past trading week, the markets traded in a much wider range. Over the past few days, we had seen the markets and the VIX inching higher, i.e., moving in the same direction. In the previous technical note, we had expressly mentioned this concern as instances of VIX and the Index rising higher simultaneously often end up showing a warning sign of an impending corrective move.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon