Indian bank’s IT is so shabby it’s been banned from opening new accounts
April 25, 2024 at 02:35AM India’s central bank has banned Kotak Mahindra Bank from acquiring new customers through its online platforms due to deficiencies in IT systems and non-compliance. The bank’s security measures were found insufficient, impacting over 41 million customers and causing outages. The Reserve Bank aims to lift the ban if Kotak Mahindra … Read more