OUR BACKGROUND

The Full Story Regarding RBI Bowing Out To Kotak Mahindra Bank Despite The Bank's Frauds

Kotak Mahindra Bank has bribed Reserve Bank of India officials too, including Ombudsman Offices and Regional RBI offices. That is why if you complain to RBI regarding any nefarious activity or fraud of Kotak Mahindra bank, they will simply ignore it and instead will hold you at fault. This is what happens if a corrupt organization like Kotak Mahindra bank is allowed to continue unchecked in India.  

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When the banking regulator (RBI) in a court document not only accuses a bank of blatantly lying, of having dishonest intent, taking the regulator “for a ride” but also disrupting and undermining the regulatory systems of the regulator, it amounts to saying that the regulator believes that the bank under the existing management is a threat to the financial system. The RBI’s approval to provide Uday Kotak with a further 3-year tenure as CEO is a public demonstration of how a private sector bank can effectively dictate its own terms to the banking regulator. The Indian public, its parliament, investors and global credit rating agencies should take note of RBI’s conduct. When the RBI is incapable of enforcing its writ on an apparently influential individual private sector banker and his bank, how will it be able to regulate powerful industrial houses if they were to be allowed  to set up banks?

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SEBI order against Kotak Mahindra Capital Company Limited.

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