Risk management

RBI bars Kotak Mahindra Bank from onboarding fresh customers via online, mobile banking; asks it to stop issuing fresh credit cards

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[ The Reserve Bank of India (RBI) has instructed Kotak Mahindra Bank to immediately stop onboarding new customers through its online and mobile banking channels and cease issuing new credit cards. This regulatory action was taken due to concerns about the bank’s compliance and risk management practices.However, RBI has directed Kotak Mahindra Bank to continue … Read more

Banks to disclose climate change strategy by FY26 | India Business News

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[ Mumbai: Banks and large finance companies will have to disclose their governance, strategy, and risk management structures to manage climate change risks by FY26, according to RBI.The draft disclosure framework on climate-related financial risks was released by the central bank on Wednesday. The framework includes definitions for key terms related to climate-related financial risks … Read more

Key Benefits of Investing in a Balanced Advantage Fund

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[ Investing in a balanced advantage fund can offer several benefits for investors. These funds are designed to provide a mix of equity and debt, aiming to strike a balance between risk and return. Here are some advantages of choosing a balanced advantage fund for your investment: Risk management: Balanced advantage funds … Read more