RBI Imposes Restrictions on Kotak Mahindra Bank: A Detailed Analysis

April 25, 2024 hindsafari.com 0

The Reserve Bank of India (RBI) has instructed Kotak Mahindra Bank to immediately stop onboarding new customers through its online or mobile banking channels and barred them from issuing new credit cards. This action came after the regulator found the bank to have serious deficiencies in its IT system. Existing customers, including credit card holders, will continue ..