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RBI allows Kotak to issue fresh credit cards

After more than nine months of imposing severe business restrictions on Kotak Mahindra Bank because of concerns on the technology front, the Reserve Bank of India (RBI) on Wednesday announced lifting of the “cease and desist” order. The RBI said...

PTI

Mumbai, Updated At : 11:04 AM Feb 13, 2025 IST

After more than nine months of imposing severe business restrictions on Kotak Mahindra Bank because of concerns on the technology front, the Reserve Bank of India (RBI) on Wednesday announced lifting of the “cease and desist” order.

The RBI said it is “satisfied” with the remedial measures undertaken by the private sector lender, and allowed it to issue new credit cards and onboard new customers through the online and mobile banking channels.

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RBI allows Kotak to issue fresh credit cards

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