MUMBAI, June 24 (Reuters) – India’s Kotak Mahindra Bank (KTKM.NS), opens new tab will increase its pace of opening new branches and add about 175 to 200 branches in the financial year 2024-25, a senior official at the bank said, months after the central bank barred the private lender from sourcing new customers digitally.
In April, the Reserve Bank of India (RBI) stopped Kotak from adding new customers via its online and mobile banking channels, and from issuing new credit cards, due to information technology-related deficiencies.
Source: REUTER
