Kotak Mahindra Bank shares rise 5% post Q4 results
Ashok Vaswani, MD and CEO of Kotak Mahindra Bank, says the impact on the bank's profitability due to the restrictions placed by RBI could be ₹300 crore to ₹400 crore.
Ashok Vaswani, MD and CEO of Kotak Mahindra Bank, says the impact on the bank's profitability due to the restrictions placed by RBI could be ₹300 crore to ₹400 crore.
The penalty has been imposed for non-compliance with the directions issued by RBI.
According to a Jefferies research report, at an estimated valuation of $65 billion-$70 billion, the newly formed Jio Platform’s EV/Ebitda multiple could be ahead of Alibaba, Alphabet, and Apple.