Kotak Mahindra Bank Barred from Taking New Online Customers, Issuing New Credit Cards
NEW DELHI, Apr 24: Citing data security concerns and deficient IT infrastructure, the Reserve Bank of India on Wednesday barred Kotak Mahindra Bank from enrolling new customers online and issuing new credit cards with immediate effect. The bank can, however, continue to serve its current customers, including those holding credit cards. “The Reserve Bank of […]