Kotak Mahindra Bank tanks 13% since RBI whip, mcap dips to ₹3.19 lakh crore; Axis Bank now India's 4th largest lender

2 weeks ago 9

1 min read 26 Apr 2024, 08:38 PM IST Trade Now

Kotak Mahindra Bank's mcap has shrunk to ₹3.19 lakh crore successful 2 days connected RBI's crackdown, losing its fertile arsenic India's 4th largest lender.

(File Picture) Kotak Mahindra Bank subdivision successful Mumbai. Photo by Aniruddha Chowdhury/Mint

Kotak Mahindra Bank shares person crashed astir 13 per cent since the Reserve Bank of India (RBI) barred the private-sector lender from onboarding immoderate caller customers till further notice, aft uncovering ‘’serious deficiencies'' successful its IT infrastructure. Kotak Mahindra Bank's marketplace capitalisation (mcap) has shrunk to ₹3.19 lakh crore successful 2 days, losing its fertile arsenic India's 4th largest lender.

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Published: 26 Apr 2024, 08:38 PM IST