The Reserve Bank of India (RBI) issued a stern warning to banks about the presence of “lakhs of accounts” being used for fraudulent transactions and the ever-greening of loan accounts. RBI Deputy…
Tag: Banks
Vikas Khemani’s Bharat Amritkal Fund banks on India’s growth story
Vikas Khemani, the founder of Carnelian Asset Management, which manages over ₹3,600 crore, is ambitiously venturing into new territory with the Bharat Amritkal Fund. This Category III Alternative Investment Fund (AIF) requires…
SBI General Insurance Appoints Jaya Tripathi as Head – Key Relations Group to sharpen focus on banks and other financial institutions
Mumbai, 7th May 2024– SBI General Insurance, one of India’s leading general insurers, has announced the appointment of Ms. Jaya Tripathi as Head – Key Relations Group. In her new role, Ms….
RBI Halts Kotak Mahindra Bank’s New Customer Onboarding and Credit Card Issuance via Mobile App
The Reserve Bank of India (RBI) has issued a directive to Kotak Mahindra Bank, mandating an immediate halt to new customer onboarding via online and mobile banking channels, along with the suspension…