Indian bank’s IT is so shabby it’s been banned from opening new accounts
ID: 5bc5faf5-1313-54e8-8a12-2b0a9e24f845
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Feed Name: The Register (Security)
India’s central bank barred Kotak Mahindra Bank from onboarding new customers via its app and online channels after identifying persistent deficiencies in IT risk and information security governance—including inventory, patch/change management, access controls, vendor risk, data security/DLP, and BC/DR—amid customer-impacting outages; Kotak pledged improvements, and restrictions may be lifted after an external audit.
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