RBI stops Kotak Mahindra Bank from issuing fresh credit cards

RBI action against Kotak Mahindra Bank: Now strict action has been taken by the Reserve Bank against the private sector Kotak Mahindra Bank (kotak mahindra bank customer). RBI has barred Kotak Mahindra Bank from issuing new credit cards with immediate effect. Now the bank will not be able to issue any credit card to any new customer.