RBI Stops Kotak Mahindra Bank from Issuing Online Credit Cards

Kotak Mahindra Bank couldn’t offer online credit cards for 10 months due to an RBI ban. Find out why this matters for customers and investors alike!

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For the last 10 months, Kotak Mahindra Bank has been big news — and not in a good way! The Reserve Bank of India (RBI) has stopped the bank from giving out online credit cards and from letting customers sign up online or through their app.

Most people think that big banks like Kotak have everything under control when it comes to online services and rules. But this situation shows that even large banks can have serious problems. You probably didn’t know this because it seems like a surprise for many.

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