Exclusive | Kotak Mahindra Bank aims to reclaim lost credit card market share, says CEO Vaswani
The RBI had imposed restrictions on Kotak Mahindra Bank for nearly 10 months, preventing it from onboarding new customers through its mobile and online banking platforms, as well as issuing fresh credit cards. In his first interview since the lifting of the restrictions, Managing Director and CEO Ashok Vaswani expressed confidence that the bank would soon recover the 40-50 basis points of spend share it lost due to the embargo.
The RBI had imposed restrictions on Kotak Mahindra Bank for nearly 10 months, preventing it from onboarding new customers through its mobile and online banking platforms, as well as issuing fresh credit cards. In his first interview since the lifting of the restrictions, Managing Director and CEO Ashok Vaswani expressed confidence that the bank would soon recover the 40-50 basis points of spend share it lost due to the embargo.
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