Defaulting on Kotak Mahindra Bank credit card? Understand legal consequences, credit score impact | Mint
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, in accordance with Reserve Bank of India (RBI) regulations, ensures that overdue recovery notices are delivered to credit card users seamlessly. This process involves several steps, from initial … Read more