Kotak Myntra Credit Card with zero fee for upto 3 years

[Chitra007]

https://www.myntra.com/cbc/store

 

[Tejo]

https://www.myntra.com/cbc/store

View attachment 44212

Kitna apko kotak aur myntra ne diya, card promotions keliye?

Yar why you people pushing the miser banker to make devaluation ......

If this continues other banks too will not launch cb cards. We may just depend on sales instant discounts offers.

 

[samm255]

Yar why you people pushing the miser banker to make devaluation

Sab akele akele lootna chahte ho

 

[Vasuki]

Hide your personal info bro.

No one noticed untill u pointed out

 

[panchabhut]

how did you pay? card swipe?

Card swipe at Tata Motors ASC. Registered no same for tata motors & tataneu.

 

[kshitij_0]

Does this mean rejection?
I always get this message immediately after entering CRN whenever I applied for IOCL or Myntra card.
I have applied for at least 10 times.

 

[sxchzy]

seems to be some backend error i guess

 

[panchabhut]

Okay, Lets get down into the details and technicalities…

what do you mean by SBI is not GOVT ?

When I referred to SBI as a Govt Bank which I meant by SBI is a public sector company where Govt has majority share holding..



We will come to SBI Cards shortly....

SBI is a goverment company.

SBI Card is a subsidiary of SBI, and hence gov. co. also, it's indirectly SBI.

While the Govt has majority share holding in SBI, there are certain differences between the way Govt treats SBI and other PSU banks, in terms of appointment senior personnel, constitution of board of directors, recruitment of personnel, govt (Min of Fin) involvement in day to day functioning, financial decisions like revision of pay of staff etc. SBI is neither guided by the code of conduct and rules of DoPT applicable for GOI (Ministries & Dept) nor it is guided by the codes of conduct and rules of DPE applicable for all Central PSE/PSU.

GoI holds 57% shares in SBI. SBI holds 69% shares in SBICPSL, which makes effective shareholding of GoI at 39%.

 

[kshitij_0]

seems to be some backend error i guess

I have tried this at least 10 times in the past 6-8 months.
Probably it's because of unserviceable location issue.

 

[SSV]

While the Govt has majority share holding in SBI, there are certain differences between the way Govt treats SBI and other PSU banks, in terms of appointment senior personnel, constitution of board of directors, recruitment of personnel, govt (Min of Fin) involvement in day to day functioning, financial decisions like revision of pay of staff etc. SBI is neither guided by the code of conduct and rules of DoPT applicable for GOI (Ministries & Dept) nor it is guided by the codes of conduct and rules of DPE applicable for all Central PSE/PSU.

GoI holds 57% shares in SBI. SBI holds 69% shares in SBICPSL, which makes effective shareholding of GoI at 39%.

Okay so what is your point??

WHo appoints Board of Directors in SBI?
WHat does Majority share holding mean?? DO you think majority shareholders keep mum while taking decisions which influence the performance of the company?

Yes ofcourse, day to day activities won't be supervised by GOI...
But they will give some directions at high level and leave the operations to the leadership...

 

[Animal]

i applied through the link, first on myntra page it shows no joining fees but after applying, on the kotak page it shows 500 joining fee and 500 renewal fee.
what is this scam?
anyways i applied and will update on the joining and the annual fee

Same here but I’ve also applied.

 

[panchabhut]

Okay so what is your point??

WHo appoints Board of Directors in SBI?
WHat does Majority share holding mean?? DO you think majority shareholders keep mum while taking decisions which influence the performance of the company?

Do you know the level of influence the Govt exerts in the day to day functioning of any Central PSU? Compared to that, SBI enjoys significant levels of autonomy. Govt appoints a total of 9 directors out of the 13, incl the Chairman and the Managing Director. But beyond that, except for the major policy decisions, eveything else is decided by the bank itself.
Even the pay structure of the the staff are decided by mutual negotiation between the staff and SBI management. In comparison, for all PSU, the DPE decides the pay structure and benefits and sends them to the PSUs to be followed.

 

[sxchzy]

I have tried this at least 10 times in the past 6-8 months.
Probably it's because of unserviceable location issue.

write an email to escalation desk

 

[SSV]

Do you know the level of influence the Govt exerts in the day to day functioning of any Central PSU?

I don;t need to know about the other PSUs..
Lets concentrate on SBI here ..

 

[SSV]

Govt appoints a total of 9 directors out of the 13, incl the Chairman and the Managing Director.

This is enough that SBI is run by the GOI..
It doesn't need to supervise day to day activities..

 

[SSV]

But beyond that, except for the major policy decisions, eveything else is decided by the bank itself

Who is the Bank here??
Bank is an entitiy which is run by the different people who are structured in a hierarchy.... and the highest in that order is BOD..
Okay just leave the discussion here...

 

[kushhh]

write an email to escalation desk

Which email address? Nodal or pno or any other

 

[codenerd]

What a joke. After filling all the details this crap. What's the point of being Myntra Icon holder . Nonsense. This was the first Kotak card I ever applied for. Sadddddd

 

[Tejo]

While the Govt has majority share holding in SBI, there are certain differences between the way Govt treats SBI and other PSU banks, in terms of appointment senior personnel, constitution of board of directors, recruitment of personnel, govt (Min of Fin) involvement in day to day functioning, financial decisions like revision of pay of staff etc. SBI is neither guided by the code of conduct and rules of DoPT applicable for GOI (Ministries & Dept) nor it is guided by the codes of conduct and rules of DPE applicable for all Central PSE/PSU.

GoI holds 57% shares in SBI. SBI holds 69% shares in SBICPSL, which makes effective shareholding of GoI at 39%.

Govt. Holds shares of SBI, doesn't mean govt. controlling SBI. Govt. can only direct what to do what not to do ... ours govt. Runs on constitution, not on dictatorship. If govt. holds it, there will be some hope for the people and bank too feel same.

Sbi and sbi cards are just branch of a tree.

Sbi is large entity, it's more important for sbi to separate credit card business as much risk involved in card businesses. Cards business failed they couldn't just clean by closing sbi cards but if it's a part in sbi then the losses of cards business will impact on sbi profits and losses.

Also making sbi cards has a separate entity help for the scope of investors and there will be no risk of investors being playing games like monopoly in Banking system.

 

[Vasuki]

I don;t need to know about the other PSUs..
Lets concentrate on SBI here ..

Gov in india controlled everything before LPG reform.
Mms & modi both tried their own way to reduce interference.

Look at fuel for example.

BANK ECONOMICS WAS IN BAD SHAPE POST SO MANY SCAMS AFTER MMS Gov.
Without gov intervention / Rbl close call regulations many psu would have died & bankrupt . Merger of small psu was great .
Now banking is going good .
We need more sbi ( pnb should step up )
Axis & idfc to become like icici & hdfc

 

[kushhh]

What a joke. After filling all the details this crap. What's the point of being Myntra Icon holder . Nonsense. This was the first Kotak card I ever applied for. Sadddddd

Nice pfp