Kotak is expected to come up with four different types credit cards

Kotak Mahindra Bank plans to launch four different credit cards. The bank is certain to acquire 1.5 million customers for its credit card business and it hopes to break even in three years.

Kotak plans to offer cards with no annual or renewal fee and it also plans to

waive off charges such as fees for duplicate statements, replacement of lost or damaged cards.

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