RBI action to have limited financial impact; worried about reputational damage: Kotak Mahindra Bank

Kotak Mahindra Bank is expecting business restrictions imposed by the Reserve Bank to have a “relatively small” financial impact but is more concerned about the reputational damage, a top official said on Saturday.

Hinting that it expects the restrictions to last for a “couple of months”, its managing director and chief executive Ashok Vaswani told reporters that it will have a limited impact on liability growth.

Source: TheIndianExpress