Brief by Shorts91NewsDesk / 01:33pm on 12 Feb 2025,Wednesday Business
The Reserve Bank of India (RBI) has lifted restrictions on Kotak Mahindra Bank, allowing the bank to resume onboarding new customers digitally and issuing new credit cards. The restrictions were imposed on April 24, 2024, due to supervisory concerns. Kotak Mahindra Bank has taken corrective actions and complied with the requirements needed to address the concerns raised by the RBI. The lifting of restrictions is a significant step towards the restoration of the bank's full operations in customer acquisition and credit card issuance.
