Uday Kotak Loses Over Rs 10,000 Crore Following RBI Restrictions
Uday Kotak The billionaire’s net worth fell by more over Rs 10,000 crore on Thursday. This happened after the Reserve Bank of India prohibited Kotak Mahindra Bank from onboarding new clients via mobile and internet and issuing new credit cards. The RBI raised’significant concerns’ after inspecting the bank’s IT infrastructure over the last two years. … Read more