The Reserve Bank of India (RBI) has imposed strict restrictions on Kotak Mahindra Bank, a third-most valued private bank in India, for failing to fix its IT systems over the past two years. The bank was asked to stop functions cited “with immediate effect” and assured customers that there would be no interruption to services. Kotak Mahindra Bank has taken measures to strengthen its IT systems and will continue to work with the RBI to resolve balance issues at the earliest.
Market crash wipes Rs 34 lakh cr in March so far; can tax harvesting help investors?
Amidst market volatility, investors can leverage tax harvesting to mitigate losses and reduce tax liabilities. Tax loss harvesting involves selling losing stocks to offset future
March 15, 2026