To combat the ever-rising number of credit card defaults in India, leading financial institutions and banks have implemented strict rules for recovering overdue amounts. Kotak Mahindra Bank ...

The data, as summarised by Kotak Institutional Equities (KIE), showed the following trends: (1) The net growth in addition to credit cards has slowed ... are starting to show in the overall ...

February 12, 2025 India's RBI lifts ban on Kotak issuing credit cards, enrolling clients digitally The Reserve Bank of India said on Wednesday that it had lifted its 10-month-old order barring ...

Kotak outlined the critical challenge banks currently face: "Leading banks are taking 1 year wholesale deposits at ~8%.