In a major regulatory move, the RBI barred KMB from onboarding new customers through its online and mobile banking channels and issuing fresh credit cards
RBI bars Kotak Bank from issuing new credit cards, onboarding customers via online banking thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
Learn about RBI's decision to restrict Kotak Mahindra Bank from onboarding new customers online and issuing credit cards. Explore the implications and latest updates at news18.com
RBI bars Kotak Mahindra Bank from onboarding new online customers, issuing fresh credit cards tribuneindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneindia.com Daily Mail and Mail on Sunday newspapers.
Cracking down on repeated non-compliance of IT norms, the RBI on Wednesday barred Kotak Mahindra Bank from onboarding new customers through its online and mobile banking channels and issuing fresh credit cards with immediate effect after the regulator found serious deficiencies in the lender s IT risk management.
These actions, the RBI said, are necessitated based on significant concerns arising out of Reserve Bank s IT examination of the bank for the years 2022 and 2023 and the continued failure on part of the bank to address these concerns in a comprehensive and timely manner.