Centre backs RBI regulatory action against banks for failures to plug technological gaps
On Wednesday, the RBI asked private-sector lender Kotak Mahindra Bank to stop onboarding new customers through its online and mobile banking applications. It also barred the bank from issuing fresh credit cards.
Siddarth Bhamre Head Of Research Kotak Mahindra Bank Reserve Bank Asitc Mehta Investment Interrmediates Regulatory Action
Source: businesstoday.in