The central bank said it had found deficiencies in the private bank’s information technology system.
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 10% to Rs 1,659 on the Bombay Stock Exchange (BSE) on Thursday as investors reacted negatively to the news.At 9:43 AM, shares of Kotak Mahindra Bank were trading at Rs 1,658.25,...
Omnichannel eyewear retailer Lenskart saw its consolidated operating revenue more than double to Rs 3,788 crore in FY23 from Rs 1,502 crore a year earlier. The Gurugram-based company reduced its losses from Rs 102 crore in FY22 to Rs 64 crore in FY23. Total expenses also increased in line with the growing scale of the company, coming in at Rs 4,025 crore in FY23 compared to Rs 1,726 crore in the year-ago period. Notwithstanding the loss on a net basis, Lenskart reported earnings before interest,...
An affluent Jain couple from Gujarat has donated nearly Rs 200 crore and adopted monkhood, and now plans to set out on a journey for salvation.
Bengaluru: Tech-to-tractor conglomerate Mahindra Group will invest 12 billion rupees (about $144 million) to set up solar and wind energy projects of 150 megawatt (MW) hybrid capacity in India, it said on Monday.
.The projects will be developed by the group's renewable energy unit Mahindra Susten with Ontario Teachers' Pension Plan Board, one of Canada's largest pension funds, as its strategic partner.
.Mahindra & Mahindra will also acquire a 26% stake in its solar power...
Following an impressive Q4FY24 performance, HDFC Bank announced an ex-gratia payment of around Rs 1,500 crore to its staff. The bank’s decision came as a gesture of appreciation for the employees’ dedication during the merger with HDFC Ltd as well as address attrition, said Sashidhar Jagdishan, the managing director & chief executive of the largest private sector lender.The lender, which announced its January-March earnings on Saturday, reported a 37.1 per cent growth in net profit, boosted by a...
Tech Mahindra, country's fifth largest IT services firm, reported a decline in net profit of 40.9% year-on-year (YoY)to `661 crore primarily driven by slowdown in its telecom, communications, media and entertainment business, which is its largest vertical with 36.5% market share.The profit stood at Rs 1,118 crore in last year's March quarter. Sequentially, profit grew 29.6% from Rs 510 crore in the December quarter because of a one-off gain. The Pune-headquartered firm’s consolidated revenue...
The Reserve Bank of India has directed all regulated payment companies to track high-value or suspicious transactions during the course of general elections, according to multiple senior executives in the know.In a letter dated April 15, the RBI asked payment system operators (PSOs) to prevent any potential misuse of electronic fund transfer mechanisms to influence voters or indirectly fund poll candidates.ET has seen a copy of the letter.“The regulator wants payment companies to track...
Axis Bank has reported a net profit of Rs 7,130 crore for fiscal fourth
The directors of Fidelity Bank have proposed a final dividend payout of 60 kobo per share to shareholders for the 2023 financial year. This is a 20 per cent increase from last year’s dividend, which was 50 kobo. This was revealed in its audited annual reports and financial statements for 2023 filed with the Nigerian Read More
According to the Health Ministry in Gaza, since Hamas' on-the-ground massacre and capture of Israelis on October 7, Israel's relentless bombardment and destruction of the Gaza Strip has killed more than 34,262 Palestinians.Palestinians in the West Bank have also suffered fatalities after the conflict increased tensions in the occupied territory. Since Israel officially declared war on Gaza, at least 288 Palestinians have been killed in the West Bank, and 3,430 others have been injured.The...
ALBUQUERQUE, N.M. (KRQE) – Walmart is lending support to local hunger relief organizations including the Roadrunner Food Bank. Volunteers came in from the supercenter to lend a hand with the Fight Hunger, Spark Change campaign. "Volunteers make up such an important part of our "workforce" here at the food bank. We could not do what we []