RBI restricts Kotak Mahindra Bank from online customer onboarding

The RBI’s directive, issued under Section 35A of the Banking Regulation Act, 1949, underscores the central bank’s concerns about deficiencies observed during its IT examinations of KMB for the years 2022 and 2023. Despite receiving corrective action plans from the RBI in both years, subsequent assessments revealed ongoing non-compliance by the bank.

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Sankalp Patra : PM Modi Vows to Empower Youth, Women, Poor, and Farmers

While launching the Manifesto PM Modi said, “This is a very holy day. Several states in the country are celebrating the ‘nav varsh’…Today, on the 6th day of Navaratri we pray to Maa Katyayani. She holds the lotus in both her hands. This coincidence is a huge blessing. Even better, it is Ambedkar Jayanti too.”

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