Kotak Mahindra denies fake accounts after I-T dept raid
The I-T Department has raided a Kotak Mahindra Delhi branch after survey on two of its customers and related accounts. The bank, however, denied there were any fake accounts. "No KYC deficiencies were noted in these two customers...and no adverse report has been submitted," the bank said. Earlier, fake accounts worth ₹70 crore were reportedly found in the branch. 