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Kotak Mahindra Bank penalised by RBI: What happened on April 15, 2024, that was the final straw?

The Reserve Bank of India (RBI) has imposed restrictions on Kotak Mahindra Bank s digital onboarding and credit card issuance. This action follows concerns identified by the RBI regarding the bank s IT infrastructure and information security practices. RBI mentions, ".the banks Core Banking System (CBS) and its online and digital banking channels have suffered frequent and significant outages in the last two years, the recent one being a service disruption on April 15, 2024." What happened on April 15? Know all the details. ....

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Kotak Mahindra Bank shares in focus as RBI bars onboarding new customers online, fresh credit cards

Kotak Mahindra Bank may, however, continue to provide services to its existing customers, including its credit card customers, the apex bank said. ....

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RBI bars Kotak Mahindra Bank from onboarding new customers via online issuing fresh credit cards

(This story has not been edited by THE WEEK and is auto-generated from a PTI ....

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RBI's big action against Kotak Mahindra Bank! Lender stopped from issuing fresh credit cards, onboarding new customers digitally - Money News

RBI's big action against Kotak Mahindra Bank! Lender stopped from issuing fresh credit cards, onboarding new customers digitally - Money News
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.

Bank It Examination , Mutual Fund Investment , Kotak Mahindra Bank , Kotak Mahindra Bank Under Section , Reserve Bank , Banking Regulation Act , Interest Rate , Recurring Deposits , Fixed Deposits , Fund Investment , Information Security Governance , Corrective Action Plans , Core Banking System ,

Kotak Mahindra Bank Faces RBI Action- New Customer Sign-ups, Credit Card Issuance Stopped

Kotak Mahindra Bank Faces RBI Action- New Customer Sign-ups, Credit Card Issuance Stopped
outlookindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from outlookindia.com Daily Mail and Mail on Sunday newspapers.

Kotak Mahindra Bank , Information Security Governance , Mahindra Bank , Core Banking System ,