RBI Curbs On Kotak Mahindra Bank: No New Online Customers, Credit Cards

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  • Published On: April 24, 2024
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Citing data security concerns and deficient IT infrastructure, the Reserve Bank of India has barred Kotak Mahindra Bank from onboarding new customers online and issuing new credit cards with immediate effect. The bank can, however, continue to serve its current customers, including those holding credit cards.

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