Tag: RBI
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RBI prohibits Kotak Bank from providing new credit cards and digital customer onboarding. 4
RBI prohibits Kotak Bank from providing new credit cards and digital customer onboarding. The Indian central bank issued an order on Wednesday, citing significant flaws in Kotak Mahindra Bank’s IT infrastructure and risk management procedures, directing the firm to immediately stop accepting new clients through its online and mobile banking channels as well as to…