Indian student gets 10-year UAE Golden Visa
Dubai, May 30: An Indian student has received the UAE's coveted 10-year Golden Visa, which is mostly reserved for prominent global personalities, for her merit and excellent academic credentials, according to a media report.
Tasneem Aslam from Kerala received the Golden Visa in the exceptional student category and is allowed to stay in the country till 2031, Khaleej Times reported.
The UAE government in 2019 implemented a new system for long-term residence visas, enabling foreigners to live, work and study in the UAE without the need of a national sponsor.
These golden visas are issued for five or 10 years and will be renewed automatically.
This is one of the best moments in my life. I feel privileged to achieve this and I am thankful to Almighty Allah. My parents support has been enormous, and Insha Allah I hope to sponsor them in near future, Tasneem told Khaleej Times.
Tasneem studied Islamic Sharia from Al Qasimia University in Sharjah and topped her class, which consisted of pupils from 72 nationalities, with a grade point average (GPA) of 3.94 on 4.
Typically, the 10-year golden visa is targeted at wealthy individuals keen to offer the UAE significant investment in exchange for an opportunity to reside within the country.
Besides entrepreneurs, individuals with specialised talent like doctors, researchers, scientists and artists can also apply for the visa.
Exceptional high school and university students are eligible for a 5-year residency visa in the UAE.
Recently, Bollywood actor Sanjay Dutt also received the Golden Visa.
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RBI bars Kotak Mahindra Bank from onboarding new customers via online, issuing fresh credit cards
Mumbai, Apr 24: The RBI on Wednesday barred Kotak Mahindra Bank from onboarding new customers through its online and mobile banking channels and issuing fresh credit cards with immediate effect after the regulator found serious deficiencies in the lender's IT risk management.
These actions, the RBI said, are necessitated based on significant concerns arising out of Reserve Bank's IT examination of the bank for the years 2022 and 2023 and the continued failure on part of the bank to address these concerns in a comprehensive and timely manner.
"Serious deficiencies and non-compliances were observed in the areas of IT inventory management, patch and change management, user access management, vendor risk management, data security and data leak prevention strategy, business continuity and disaster recovery rigour and drill, etc," the RBI's statement said.
For two consecutive years, the bank was assessed to be deficient in its IT Risk and Information Security Governance, contrary to requirements under Regulatory guidelines, it added.
The Kotak Mahindra Bank has been directed "to cease and desist", with immediate effect, from onboarding of new customers through its online and mobile banking channels and issuing fresh credit cards. The bank shall, however, continue to provide services to its existing customers, including its credit card users.
