Key Points
Veteran banker Uday Kotak on Wednesday said regulators should not be too conservative and cautious but should respond fast to "accidents" in the financial sector..
We may have some accidents but it is also how fast we respond and correct the accident," the Founder Director of Kotak Mahindra Bank said at an event organised by AIMA (All India Management Association) in the national capital...
Paytm Payments Bank Ltd, an entity promoted by One97 Communications Ltd, faced regulatory actions by RBI for failure to comply with host of regulatory norms, including Know Your Customer (KYC) guidelines...
Last week, RBI advised customers as well as merchants of PPBL to shift their accounts to other banks by March 15, giving 15 more days to the beleaguered entity to close most of its operations, including deposit and credit transactions...
Kotak said RBI has done a phenomenal job as a regulator in the last few years, and ensured financial stability along with good macro economic management despite the coronavirus pandemic...
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