RBI bars Kotak Bank from issuing new credit cards, onboarding customers via online banking
Representational image of a Kotak Mahindra Bank branch in New Delhi | Photo Credit: Reuters The Reserve Bank of India (RBI) on Wednesday directed Kotak Mahindra Bank Ltd. (Kotak Bank) to cease and desist, with immediate effect, from onboarding of new customers through its online and mobile banking channels and issuing fresh credit cards. Kotak…