Kotak Mahindra Bank shares have crashed almost 13 per cent since the Reserve Bank of India (RBI) barred the private-sector lender from onboarding any new customers till further notice, after finding ‘’serious deficiencies” in its IT infrastructure. Kotak Mahindra Bank’s market capitalisation (mcap) has shrunk to ₹3.19 lakh crore in two days, losing its rank as India’s fourth largest lender.
On the other hand, Axis Bank has overtaken Kotak Mahindra Bank to become India’s fourth largest bank as…
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