
RBI puts curbs on Kotak Mahindra Bank due to “serious” deficiencies in its IT network
Mumbai, April 24 (UNI) Citing continuous failure to address IT related deficiencies, the Reserve Bank of India (RBI) on Wednesday, in exercise of powers vested on it, has barred Kotak Mahindra bank to “cease and desist”, with immediate effect, from onboarding of new customers through its online and mobile banking channels and issuing fresh credit…