Kotak Mahindra Bank founder and former CEO warns of rising stress in the unsecured and microfinance portfolios.
The RBI had imposed restrictions on Kotak Mahindra Bank for nearly 10 months, preventing it from onboarding new customers through its mobile and online banking platforms, as well as issuing fresh ...
Ashok Vaswani, Managing Director and CEO of Kotak Mahindra Bank, said the target is to grow the unsecured book to mid-teens from around 10.5% of the total book.
In April 2024, the central bank took supervisory action on Kotak Bank, directing the lender to "cease and desist" onboarding ...
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