The Reserve Bank of India said on Wednesday that it had lifted its 10-month-old order barring Kotak Mahindra Bank from onboarding new clients digitally and issuing fresh credit cards due to gaps in its IT infrastructure.

Good news for customers who wish to apply for a new Kotak Mahindra Bank credit card or open a bank account with them through online or mobile banking channel. “The Reserve Bank

RBI had asked place restrictions in April last year after finding deficiencies and non-compliances in Kotak Mahindra Bank’s IT inventory management and data security, among other issues

After almost a year, the central bank has finally given the green light for the private bank to onboard new customers again

In April last year, the RBI placed restrictions on the bank as it failed to plug gaps in its information technology (IT) systems

The Reserve Bank of India has lifted restrictions on Kotak Mahindra Bank, allowing it to resume onboarding new customers and issuing fresh credit cards. The decision comes after the bank implemented remedial measures to address concerns raised by the RBI.

The Reserve Bank of India has lifted supervisory restrictions on Kotak Mahindra Bank, allowing it to resume customer onboarding and credit card issuance. KMB is the best performer on the Bank Nifty in 2025,

The Reserve Bank of India (RBI) has removed the restrictions it had earlier imposed on Kotak Mahindra Bank, preventing it from acquiring new customers through its digital channels. The restrictions, which also included a ban on issuing new credit cards, were first imposed by RBI on April 24, 2024.

India's central bank on Wednesday lifted restrictions on Kotak Mahindra Bank that had barred the lender from taking on new customers via its online and mobile banking channels and from issuing new credit cards.

The Reserve Bank has lifted all restrictions it placed on Kotak Mahindra Bank. On April 24 last year, the RBI imposed certain business restrictions on the private lender. The bank was directed to cease and desist from onboarding new customers through its online and mobile banking channels,