Core Banking System News Today

Srinagar- In a significant step towards complete digital transformation, J&K

Indian banks have been grappling with t Bhe UPI phenomenon. UPI is heaven-sent for consumers, but banks dont make a dime off it. It is also the cause of banking system outages that tarnish a banks reputation and erode its market capitalisation.

2023 Non-financial report Content Foreword by...

Taking a dig at Kotak Mahindra Bank after the Reserve Bank of India's (RBI) action, BharatPe co-founder Ashneer Grover

The RBI said its decision was based on significant concerns arising out of its IT examination of the bank for 2022 and 2023, and the bank’s continued failure to address these concerns in a comprehensive and timely manner.

Shares of Kotak Mahindra Bank crashed by as much as 12 per cent in morning trade on Thursday to Rs 1,620 on BSE as investors dumped the stock following the RBI crackdown on the lender.The RBI had, on Wednesday evening, barred Kotak Mahindra ...

RBI has barred the bank from onboarding new customers through its online and mobile banking channels and issuing fresh credit cards, citing supervisory concerns over its technology platforms.

Kotak Mahindra Bank share price: identified deficiencies and non-compliances in several areas of the banks IT system for the years 2022 and 2023.

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

Taking a dig at Kotak Mahindra Bank after the Reserve Bank of India's (RBI) action, BharatPe co-founder Ashneer Grover on Thursday said that while banks are failing at implementing robust technology to cater to their customers, fintech ...