Category: Kotak Mahindra Bank

The RBI has placed curbs on Kotak Mahindra Bank in the interest of the customers. The bank is directed to stop onboarding new customers through online and mobile banking channels and issuing new credit cards. However, it will continue to serve its existing customers, including those holding credit cards. Kotak…

The RBI has announced placing certain restrictions on Kotak Mahindra Bank as part of its efforts to address concerns related to IT resilience, following the bank’s deficiencies in managing its IT infrastructure and securing data. The restrictions include a temporary pause on onboarding new customers through online and mobile banking…