Services Won't Be Interrupted For Existing Customers: Kotak Mahindra Bank

The Reserve Bank of India had said "significant concerns" had come to the fore in its IT examination of the bank.

Hours after the Reserve Bank of India prohibited Kotak Mahindra Bank from onboarding new customers online and issuing fresh credit cards, citing issues with the company's data security and information technology infrastructure, the bank has said it is adopting new technologies and strengthening its IT systems.

It also assured existing customers that services will continue without any disruptions and said new customers can be onboarded at its branches. 

READ | RBI Curbs On Kotak Mahindra Bank: No New Online Customers, Credit Cards