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In a tough disciplinary action, the Reserve Bank of India (RBI) on Wednesday barred Kotak Mahindra Bank from issuing fresh credit cards and onboarding new customers through online and mobile banking channels. The RBI cited “serious deficiencies” in the private lender’s IT system and repeated failures to fix them as the reason for its action. […]
Fixed deposits (FDs) remain a crucial aspect of financial planning in India. They offer safe and predictable returns on your investment, making them ideal for risk-averse individuals seeking guaranteed income growth. Here’s a look at three banks – Ujjivan Small Finance Bank, AU Small Finance Bank, and YES BANK – that offer FD interest rates […]
Veteran Indian banker Uday Kotak has presented a comprehensive plan with seven key recommendations to propel India towards achieving a $30 trillion GDP by 2047. In a post on social media platform X, he says, “In the early 80s, the Indian saver had low confidence in financial assets versus gold and land. Slowly, the saver […]
