RBI action against Kotak Mahindra Bank: Is your Kotak 811 account safe? Can Kotak customers renew cards? 8 key queries answered

The Reserve Bank of India (RBI) barred Kotak Mahindra Bank from onboarding new customers through online and mobile banking channels. The regulator also put restrictions on the private sector bank on issuing new credit cards. Should the customers of Kotak 811 worry about their accounts? Can Kotak Mahindra Bank customers renew their credit cards now? ET Wealth Online explains.
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