RBI slaps Rs 61.95 lakh penalty on Kotak Mahindra Bank for regulatory lapses - DETAILS
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10% Center
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Bias Score Analysis
The A.I. bias rating includes policy and politician portrayal leanings based on the author’s tone found in the article using machine learning. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral.
Sentiments
-70% Negative
- Conservative
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Reliability Score Analysis
Policy Leaning Analysis
Politician Portrayal Analysis
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Contributing sentiments towards policy:
45% : After considering the bank's reply to the show-cause notice and additional submissions, the RBI concluded that the charges were sustained, warranting the imposition of a monetary penalty, a report by PTI said.In an exchange filing, Kotak Mahindra Bank said the penalty was imposed by the RBI in exercise of powers under Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949, and Section 25(1)(iii) read with Section 23(4) of the Credit Information Companies (Regulation) Act, 2005, based on observations during the statutory inspection for the financial year ended March 31, 2024.*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.