This Is Now RBI Vs Kotak Mahindra Bank, because RBI BANS New Account Opening And New Credit Card Through Online Mode Of Kotak Mahindra Bank.
What Is The Full Issue? Why RBI Stop Kotak Bank Services? What Will Happen With Old Kotak Customers? Is Your Money Safe In Kotak Mahindra Bank? Effect On Stock? When Will This BAN Lift?
Why RBI BAN Kotak Bank?
RBI Only Banned New Account Opening And New Credit Card Through Online Mode Due To Violation Of RBI Rules. Kotak Bank Was Failed To Comply With RBI’s Act Of IT And Security.
Many Customers Were Complaining To RBI About Bad Service Of Kotak Bank Online Banking, Debit Card Etc. RBI Was Checking Kotak Mahindra Bank From Last 2 Years, But Kotak Was Failed To Follow Rules, So They Stop Online Account Opening.
Effect On Kotak Bank Old Customers?
There is no effect on Kotak Mahindra Bank Old Customer, Your Service And All Things Will Works Same. This Will Affect Only New Customers, Who Wants To Open Account In Kotak Bank Through Online Mode.
Is Money Safe In Kotak Bank?
Yes, Your Money Is Safe In Kotak Mahindra Bank. RBI Also Stops HDFC Bank Some Services In 2020, Due To Violation Of Rules, So They Fixed The Issue And RBI Lift The BAN.
Effect On Kotak Bank Share Price?
You may see the effect on the Kotak Mahindra Bank Stock price due to the RBI’s order. The digital service is affected, and new customers can’t open new bank accounts through online mode.
Also it will also create fear between old Kotak Bank customers and shareholders.
Check – 5 Free Tools For Stock Market Research, News, Analysis
When Will BAN Lift From Kotak Mahindra Bank?
Kotak Mahindra Bank Will Fix The Problem; It May Take 1 Month, 3, 6 Months Or 1 Year. RBI Will Check And Lift The BAN. So, This Is Not Fix BAN.
RBI Vs Kotak Mahindra Bank May End Soon, Reserve Bank Is Focusing On This Issue.
