Kotak Mahindra Bank Limited RBI prohibits Kotak Mahindra Bank from acquiring new online customers. admin, April 24, 2024 The RBI has directed Kotak Mahindra Bank Limited to cease onboarding new customers through its online and mobile banking channels and issuing fresh credit cards, while allowing the bank to serve its existing customers. The bank has promised to adopt new technologies to strengthen its IT systems and work with… Continue Reading
Kotak Mahindra Bank Limited RBI Restricts Kotak Mahindra Bank from Adding New Online Customers admin, April 24, 2024 The RBI announced that it has placed certain restrictions on Kotak Mahindra Bank Limited in response to serious deficiencies observed in the bank’s IT management and data security practices. The bank has been directed to cease onboarding new customers through its online and mobile banking channels and issuing fresh credit… Continue Reading