RBI bars Kotak Mahindra Financial institution from onboarding new clients by means of on-line & cellular channels
The Reserve Financial institution of India has barred Kotak Mahindra Financial institution from onboarding new clients by means of its on-line and cellular banking channels and issuing contemporary bank cards for failing to construct IT methods and controls commensurate with its development resulting in severe deficiencies and non-compliances with regulatory necessities. In line with RBI’s … Read more