DNA TV Show: Will RBI action on Kotak Mahindra Bank impact customers?
RBI has banned some services of Kotak Mahindra Bank and directed it to stop issuing new credit cards with immediate effect.
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DNA TV Show: Will RBI action on Kotak Mahindra Bank impact customers?
DNA
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Setback For Kotak Mahindra Bank, RBI Bars It From Onboarding Customers Online, Issuing Credit Cards
The RBI said it took the action under Section 35A of the Banking Regulation Act, 1949.
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