Rbi Restrictions

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BusinessApr 25, 2024, 1:01 PM IST
Axis Bank overtakes Kotak Mahindra: market value shifts due to RBI restrictions

Axis Bank's climb to India's fourth-largest bank by market capitalization, surpassing Kotak Mahindra, was powered by good Q4 results, whilst Kotak Mahindra's share price fell 10% owing to RBI limitations.
Lifestyle NewsFeb 2, 2024, 3:44 PM IST
Will Paytm Services Operate Normally After February 29?

Reserve Bank of India has directed Paytm Payments Bank Ltd (PPBL) to stop accepting new deposits into its accounts or digital wallets from 29 February 2024. The RBI issued this directive on 31 January 2024. Additionally, existing Paytm Payments Bank customers will also be unable to add new funds to their accounts after 29 February.

Axis Bank overtakes Kotak Mahindra: market value shifts due to RBI restrictions