Axis pips Kotak Bank as 3rd most valued private bank

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Axis Bank overtook Kotak Mahindra Bank on Thursday to become India's third most valued private lender after a rout in the latter's stock. Kotak Bank's stock opened deep in the red on Thursday a day after RBI restricted the lender from onboarding customers digitally and issuing credit cards, citing repeated failures to fix "serious deficiencies" in its IT system.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Kns4pdQ

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