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RBI bars this bank from onboarding new customers, issuing fresh credit cards

DNA Wednesday, 24 April 2024 ()
RBI bars this bank from onboarding new customers via mobile and online channels.
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Video Credit: Oneindia - Published
News video: Kotak Mahindra Bank Faces RBI Ban on Online Customer Acquisition, Credit Cards| Oneindia News

Kotak Mahindra Bank Faces RBI Ban on Online Customer Acquisition, Credit Cards| Oneindia News 05:03

 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...

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