RBI Imposed restrictions on Kotak Mahindra Bank from Onboarding new customers and issuing fresh credit cards.
RBI Imposed restrictions on Kotak Mahindra Bank from Onboarding new customers and issuing fresh credit cards: The Reserve Bank of India (RBI), acting under Section 35A of the Banking Regulation Act, 1949, asked the private lender to stop and desist, effective immediately, from onboarding new customers through its online and mobile banking channels and issuing … Read more