RBI Lifts Ban on Kotak Mahindra Bank, Allows Issuance of New Credit Cards and Online Customer Onboarding

[GTSaketh]

Hopefully They give LTF pre approved offers 😂

 

[_deb_]

My CC wallet is already fat

 

[karanssh]

Based on what I have seen/heard from a friend who works with their "tech" team recently, I would personally never touch anything Kotak, but then I have not really seen how other banks work so could be worse(or better, hopefully). I dont think Kotak even has anything worth getting, so let's see what they release

 

[Rwrd-Lutera]

Technofino sir posted this post 20 minutes before..... Several other members posted before Technofino sir but he changed his post timing to 5:30 PM to become ahead of everyone 🤣

 

[TechnoFinoTechnoFino is verified member.]

Technofino sir posted this post 20 minutes before..... Several other members posted before Technofino sir but he changed his post timing to 5:30 PM to become ahead of everyone 🤣

bcoz everyone posted news article link and just one line RBI Lifts Ban on Kotak Mahindra Bank 😁

 

[drk]

So Kotak has some unconditional lounge access creditcard if that is what aiming fr ,next strategy of them would be a new launch on RUPAY network with some cashback benefits or some utilities centric card to get even more customer

 

[TheTrickySid]

Based on what I have seen/heard from a friend who works with their "tech" team recently, I would personally never touch anything Kotak, but then I have not really seen how other banks work so could be worse(or better, hopefully). I dont think Kotak even has anything worth getting, so let's see what they release

What's so shady in their tech?? Wasn't this the reason they were banned??

Would like to know more if you could please share in DM.

 

[2025]

Technofino sir posted this post 20 minutes before..... Several other members posted before Technofino sir but he changed his post timing to 5:30 PM to become ahead of everyone 🤣

This is one of those post where I want to reply but don't know what to say. Appreciate ur observation.

bcoz everyone posted news article link and just one line RBI Lifts Ban on Kotak Mahindra Bank 😁

You have a valid point. But, but, timing change is something u need to work on. 😛😛

 

[am11]

bcoz everyone posted news article link and just one line RBI Lifts Ban on Kotak Mahindra Bank 😁

I believe the line and article was self explanatory. Anyways, people should get the information. Source should not matter... ✌️

 

[Ak Singh]

RBI Had Placed Restrictions On Kotak Mahindra Bank On April 24, 2024

• Alert: RBI Directed The Bank To Cease & Desist From Onboarding New
Customers Via Online & Mobile Banking Channels

• Alert: RBI Also Directed The Bank To Cease & Desist From Issuing Fresh Credit
Cards

With This, Kotak Mahindra Bank Can Now Issue Fresh Credit Cards


• With This, Kotak Mahindra Bank Can Also Onboard New Customers Via
Online & Mobile Baking Channels

 

[Ak Singh]

Hopefully They give LTF pre approved offers 😂

Do they offer Kotak white as ltf?

 

[Boy 07]

I have update regarding kotak credit card
Kotak credit card are back RBI lifts it's ban from kotak Mahindra Bank
Soon we can apply for new one

 

[Hope]

Bas karo bhai kitne banaoge

 

[Indrajeet100]

Nothing exciting even white reserve compared to Infinia / M4B. Maybe increased competition is just good overall for customers.

 

[Gajakumar]

Finally, it's time to apply for the very first kotak bank credit card. May I eligible for Pre-approved lifetime free credit card?

 

[DrHits]

Already have Kotak Myntra! One of the best who use Myntra frequently, as sometimes discount is 12.5% during sale!
Had Kotak PVR card, closed and they did not waive off fee for 2nd year, I enjoyed those 800₹ worth 2 tickets for spending 10k a month!
What would be next best LTF Kotak cards to have?

 

[akiratoriyama]

Based on what I have seen/heard from a friend who works with their "tech" team recently, I would personally never touch anything Kotak, but then I have not really seen how other banks work so could be worse(or better, hopefully). I dont think Kotak even has anything worth getting, so let's see what they release

Their back end was horrendous. Not sure if they fixed ut still.

 

[shu_sha]

Customer care is saying that they can only allow onboarding of the new customers from 1st Apr

 

[tharun]

Customer care is saying that they can only allow onboarding of the new customers from 1st Apr

If that's the case then it's no use for many people
RBI could have unbanned kotak on 1st April only

 

[Ak Singh]

Operators was already aware from last 18 days that's why despite market falling kotak didn't fell so much. Operators and insider already made position in Kotak.