RBI restricts Kotak Mahindra Bank from onboarding new customers

[Bapun]

RBI on Wednesday directed Kotak Mahindra Bank to cease and desist issue of fresh credit cards and onboarding of new customers through its online and mobile banking channels, with immediate effect.

RBI Bars Kotak Mahindra Bank From Issuing New Credit Cards, Adding Customers Online

RBI on Wednesday directed Kotak Mahindra Bank to cease and desist issue of fresh credit cards and onboarding of new customers through its online and mobile banking channels, with immediate effect.

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[Prithi Deb]

Glad I got it last month.

 

[Kmr]

Not only CC Even New Accounts too

 

[Bapun]

Kotak Bank plunged 10 per cent to Rs 1,673 after the Reserve Bank of India (RBI) barred the private lender from issuing new credit cards.

Kotak Mahindra Bank Shares Tank 12% After RBI Bans Customer Onboarding Digitally - News18

Kotak Bank plunged 10 per cent to Rs 1,673 after the Reserve Bank of India (RBI) barred the private lender from issuing new credit cards

www.news18.com

 

[iDJ]

RBI has lift restrictions on Kotak Mahindra from onboarding new customers and issuing fresh credit cards to it's customers.

https://twitter.com/x/status/1889645914257797556