RBI Supervisory Action on Kotak Bank Explained

24 Apr, 2024

In an unexpected turn, the Reserve Bank of India (RBI) has taken supervisory action against a well-known name in the banking sector, Kotak Mahindra Bank, under the directives of the Banking Regulation Act, Section 35A. This is a significant step, and here’s what it means in simple terms. The Crux of RBI’s Action Kotak Mahindra […]