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  2. economictimes.indiatimes.com › wealth › personalKotak Mahindra Bank penalised by RBI: What happened on April ...

    Apr 24, 2024 · The Reserve Bank of India (RBI) took action against Kotak Mahindra Bank, barring it from onboarding new customers through online and mobile banking channels. The regulator also directed the bank to stop issuing new credit cards. This action stems from concerns identified by the RBI.

  3. indianexpress.com › article › explainedWhy has RBI barred Kotak Mahindra Bank from onboarding new ...

    Apr 24, 2024 · The Reserve Bank of India (RBI) on Wednesday (April 24) asked Kotak Mahindra Bank to stop onboarding new customers through online and mobile banking channels, and also barred it from issuing fresh credit cards, with immediate effect. As of March-end, Kotak Mahindra Bank has issued 59.54 lakh credit cards.

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  4. www.ndtv.com › business-news › explained-why-rbiExplained: Why RBI Stopped Kotak Mahindra Bank From ...

    Apr 25, 2024 · The Reserve Bank of India (RBI) has instructed Kotak Mahindra Bank to stop onboarding new customers online and through mobile banking platforms with immediate effect.

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  6. www.deccanherald.com › business › companiesExplained | Why RBI barred Kotak Mahindra Bank from ...

    Apr 25, 2024 · The Reserve Bank of India (RBI) on Wednesday asked Kotak Mahindra Bank to stop onboarding new customers through online and mobile banking channels, and also barred it from issuing fresh...

  7. bfsi.economictimes.indiatimes.com › news › bankingRBI bans Kotak Mahindra Bank from onboarding new customers ...

    Apr 24, 2024 · In a heavy action that has shocked the banking world, the Reserve Bank of India on Wednesday directed the Kotak Mahindra Bank Limited to cease and desist, with immediate effect, from onboarding of new customers through its online and mobile banking channels and issuing fresh credit cards.

  8. www.livemint.com › industry › banking‘Serious deficiencies’: Why RBI cracked whip on Kotak ...

    Apr 24, 2024 · The Reserve Bank of India (RBI) on Wednesday barred private sector lender Kotak Mahindra Bank from onboarding new customers through its online portal and mobile app, and restricted it from...

  9. www.firstpost.com › explainers › rbi-stopped-kotakWhy has RBI stopped Kotak Mahindra Bank from taking on new ...

    Apr 24, 2024 · The Reserve Bank of India has dropped the hammer on Kotak Mahindra Bank (KMB). The central bank has halted KMB from onboarding new customers through online and mobile portals as well as ordered it to stop issuing fresh credit cards.