ETV Bharat / Rbi Bars Kotak Mahindra Bank

Rbi Bars Kotak Mahindra Bank

The Reserve Bank of India (RBI) has imposed restrictions on Kotak Mahindra Bank, citing deficiencies in IT risk management, resulting from its IT examination in 2022 and 2023. The bank has been barred from onboarding new customers and issuing new credit cards due to these issues.

RBI Bars Kotak Mahindra Bank from Onboarding New Customers via Online, Issuing Fresh Credit Cards

3 Min Read

Apr 24, 2024

PTI

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