Private Banks Face Rising I.T. Expenses

2024 • 15min • News • Business


Published On: April 29, 2024 - Private banks are currently facing a surge in I.T. expenses as the number of digital transactions are escalating. Recently, the Reserve Bank of India took action on the Kotak Mahindra Bank over the outages in its core banking system. Consequently, the bank has been barred to onboard new customers digitally as well as to issue fresh credit cards. Join News9’s Shweta Kothari and Kartik Malhotra for details.