Asia’s Billionaire Uday Kotak Sees a Wealth Dip of $1,2 Billion as Kotak Mahindra Bank Faces Challenges
Uday Kotak, the visionary behind Kotak Mahindra Bank Ltd, confronts a significant challenge following the unexpected regulatory ban imposed on the institution. The Reserve Bank of India (RBI) decree, citing governance concerns and technological risks, dealt a severe blow to the bank, triggering a precipitous decline in its shares by...