Supervisory Action against Kotak Mahindra Bank Limited under Section 35A of
the Banking Regulation Act, 1949
The Reserve Bank of India has today, in exercise of its powers under Section 35A
of the Banking Regulation Act, 1949, directed Kotak Mahindra Bank Limited
(hereinafter referred to as...
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The Reserve Bank of India has today, in exercise of its powers under section 45L(1)(b) of the Reserve Bank of India Act, 1934, has directed Bajaj Finance Ltd. (“the company”) to stop sanction and disbursal of loans under its two lending products ‘eCOM’ and ‘Insta EMI Card’, with immediate...
The RBI imposed a penalty on Manappuram Finance Ltd. for not paying excess amounts recovered from the auction of gold of defaulting customers to customers.
The Reserve Bank of India (RBI) has, by an order dated October 31, 2023, imposed a monetary penalty of ₹42.78 lakh (Rupees Forty two lakh...
Axis Bank launched new Credit Card In Partnership with One97 Comunications Ltd., called Axis Bank Paytm Visa Credit Card .
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Action against Bank of Baroda under section 35A of the Banking Regulation Act, 1949
The Reserve Bank of India has, in exercise of its power, under section 35A of the Banking Regulation Act, 1949, directed Bank of Baroda to suspend, with immediate effect, any further onboarding of their...
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In recent media releases Emirates has announced that they will bring the world's largest wide body passenger aircraft Airbus A380 from 30th October 2022 onwards to connecting Bengaluru.
Emirates become the first airline company start a380 premium service to Bengaluru and South India.
The...
Kotak Mahindra Bank recently launched a new corporate Salary Account namely called 'Kotak Crème Salary Account.
The Account Features *Zero Balance facility subject to Salary Credit, Free Visa Privy League Platinum Debit Card with complementary Insurance covers including:
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Bank
Card Type
Free/Paid Status
Kotak 811
Visa Classic
Free
Indusind Bank
Visa Gold
Free
SBI
Mastercard/Visa Global
Free
BOB
Visa Platinum/Classic, RuPay Platinum
Free
Fincare Small Finance Bank
Mastercard Classic
Free
Paytm Payments Bank
Visa Classic
Free
Airtel Payments Bank...