In a circular dated February 15, the RBI has directed an unnamed card network to keep in abeyance all card-based business payments made via payments intermediaries to entities that do not accept ...

The Reserve Bank of India (RBI) removed the restrictions on Kotak Mahindra Bank, enabling it to onboard new customers through its online channels and issue fresh credit cards. The decision came ...

For Kotak to be able to issue new credit cards is pivotal because the unsecured loan segment is a high-yielding one and the RBI's move could help the bank in terms of fee income as well as net ...

The RBI said it is “satisfied” with the remedial measures undertaken by the private sector lender, and allowed it to issue new credit cards and onboard new customers through the online and ...