HomeNews News Kotak Mahindra Raided By Income Tax Department, Bank Denies Fake Accounts Kotak Mahindra Raided By Income Tax Department, Bank Denies Fake Accounts

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Kotak Mahindra Raided By Income Tax Department, Bank Denies Fake Accounts

Kotak Mahindra Raided By Income Tax Department, Bank Denies Fake Accounts

Friday, December 23, 2016, 3:57 PM
The Income Tax Department on Friday raided Kotak Bank’s KG branch in connection with the survey of two of its customers and related accounts. The bank has denied that there were any fake accounts. According to spokesperson of Kotak Mahindra Bank, Rohit Rao no deficiencies in KYC norms were done. "We are extending full co-operation to investigating agencies," Rohit added.
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