RBI cracks down on Kotak Mahindra Bank; bars onboarding new customers online
RBI cracks down on Kotak Mahindra Bank; bars onboarding new customers online In a major managerial move, the Reserve Bank of India (RBI) on Wednesday, April 24 bars Kotak Mahindra Bank (KMB) from onboarding new customers through its online and mobile banking channels and issuing fresh credit cards, citing supervisory concerns over its technology…

