Kotak Mahindra Bank actively working to address RBI's concerns: CEO
Admin
Apr 26, 2024 08:28
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A day after the severe action by the RBI, Kotak Mahindra Bank's chief executive and managing director Ashok Vaswani on Thursday said the lender is "actively working" to address the concerns raised by the regulator.
The private sector lender is in constant communication with the RBI to resolve any issues, he said in a statement posted on Kotak Mahindra Bank's social media handles.
On Wednesday, the Reserve Bank of India barred Kotak Mahindra Bank from onboarding any new customers through its online and mobile banking channels and also prohibited it from issuing fresh credit cards.
