In addition to barring the onboarding of new customers via online channels, the RBI has also forbidden Kotak Mahindra Bank from issuing new credit cards.
The Reserve Bank of India (RBI) imposed a monetary penalty of Rs 11.25 lakh on IGH Holdings Private Limited, Mumbai (the company) for some non-compliance with the provisions of RBI Act, among some others.
The latest decision has been taken based on discussions with MIIs stock exchanges, clearing corporations, depositories and recommendations of the Technical Advisory Committee (TAC) of Sebi, , sebi, non-compliances