News > Kotak Mahindra Bank (KMB) actively working to address RBI's concerns: CEO
Kotak Mahindra Bank (KMB) actively working to address RBI's concerns: CEO
25/04/2024 10:58 PM | Click to read full article
On Wednesday, RBI barred KMB from onboarding any new customers through its online and mobile banking channels and issuing fresh credit cards for repeated non-compliance with IT norms and discovery of "serious deficiencies" in the bank's IT risk management. CEO and MD Ashok Vaswani said the bank has "temporarily paused" the issuance of new credit cards and added that its operations continue uninterrupted for all the existing customers.
