The bank on Wednesday said it is in the process of rectifying the areas that are deficient and will seek regulatory clearance prior to resumption of new issuance. "Pursuant to a letter from Reserve Bank of India, dated March 12, 2024, we have stopped issuance of new co-branded credit cards," the private sector lender said in a regulatory filing.
Ram Janmabhoomi Teerth Kshetra trustees Anil Mishra and Gopal Nagarakatte opened the branch and the e-lobby, respectively. Bank s independent director Justice A.V Chandrashekar, DGM (Delhi region) Basavaraj Desalli and AGM Madhava VP were present on the occasion.
Anupam Kaura has joined Kotak Mahindra Bank as the new chief human resources officer. The appointment of new HR comes after Ashok Vaswani assumed the office as CEO. The lender s whole time director Shanti Ekambaram said Kaura has experience in strategic HR leadership, change management, and technology integration.