Trusted News Discovery Since 2008
{{/content}}
RBI bars Kotak Mahindra Bank from onboarding fresh customers via online, mobile banking; asks it to stop issuing fresh credit cards
Credit: IndiaTimes- Published 3 weeks ago
The Reserve Bank of India (RBI) has directed Kotak Mahindra Bank to halt the issuance of new credit cards and onboarding of customers through online and mobile banking channels. This directive comes as a result of regulatory actions concerning compliance and risk management at the bank. Existing customers, including credit card...
Video credit: Oneindia
Published 3 weeks ago - 05:03
Kotak Mahindra Bank Faces RBI Ban on Online Customer Acquisition, Credit Cards| Oneindia News
RBI's action against Paytm and Kotak Mahindra Bank for non-compliance raised concerns. Kotak Mahindra's failure to meet data storage requirements led to RBI directives. Similar actions were taken against HDFC Bank in 2020. The events underscore the need for stronger regulatory mechanisms.
#kotakmahindrabankopenaccountzerobalance #kotakmahindrabank #kotakmahindrabanknews #kotakmahindrabankcreditcard #kotakmahindrabankcreditcardapply #kotakmahindrabankpersonalloan #RBI #RBInews #Moneynews #Oneinda #Oneindia news
~HT.178~PR.152~ED.194~GR.125~CA.145~
You are here
Related videos from verified sources
High Alert! IMF Warns of Banking Collapse and Bank Runs, Poland blocks Ukraine border | Redacted
Credit: Rumble - Published on April 18, 2024
Banking Chief welcomes new notes featuring King's portrait 00:55
Credit: ODN - Published on April 9, 2024
Amazon Is Getting Rid of Just Walk Out Technology at Its Fresh Grocery Stores 01:31
Credit: Wibbitz Top Stories - Published on April 3, 2024
Related news from verified sources
RBI's restrictions on Kotak Mahindra Bank impact new customer onboarding and credit card issuance, with uncertainties for existing customers. The ban's duration...
3 weeks ago • IndiaTimes
Shares of Kotak Mahindra Bank dropped by 10% following RBI's temporary pause on new customer onboarding and credit card issuance. Brokerages lowered target...
3 weeks ago • IndiaTimes
Private banks are experiencing a significant increase in information technology expenses as most transactions are now conducted digitally. Unlike the one-time...
2 weeks ago • IndiaTimes