Why Has RBI Barred Kotak Mahindra Bank from Adding New Customers Online? What's Next for the Lender?

The RBI said Kotak Mahindra Bank was found to be non-compliant with the corrective action plans issued for 2022-23. The lender lacks ‘robust IT infrastructure and IT Risk Management framework’, and its online and digital banking channels have suffered frequent outages in the last two years

Related Keywords

Bombay ,Maharashtra ,India ,Baroda ,Gujarat ,Bajaj Fiancne ,Mahindra Financial Services On ,Kotak Mahindra Bank To Rs ,National Common Mobility Cards ,Kotak Bank ,Kotak Mahindra Bank ,Bombay Stock Exchange On ,Kotak Mahindra Bank Share Price ,Paytm Payments Bank ,Reserve Bank ,Banking Regulation Act ,Core Banking System ,Payments Bank ,Bob World ,Digital Lending ,Key Fact Statements ,Liberalised Remittance Scheme ,Mahindra Financial Services ,Net Interest Margin ,Bombay Stock Exchange ,Potak ,Kotak Mahindra Bank Share ,Kotak Mahindra News ,Kotak Bank News ,Rbi Bars Kotak Mahindra Bank ,Otak Mahindra Bank News Kotak ,Mahindra Share Price ,Mahindra Finance Share Price ,Fbi ,Reserve Bank Of India ,Hdfc Bank ,Kotak Bank Share Price , ,