💨 Abstract

The Reserve Bank of India (RBI) has removed all restrictions imposed on Kotak Mahindra Bank in April 2021, following the bank's implementation of remedial measures to address supervisory concerns and submission of compliances. The RBI's decision to lift the restrictions was made after satisfying itself with the bank's actions. An external audit was also conducted to validate the compliances.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖