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.
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Karnataka School Edu Dept prohibits children from being made to dance to obscene songs
Bengaluru (PTI): The Karnataka School Education Department has issued a circular strictly prohibiting children from being made to dance to obscene songs in educational and cultural programmes.
It stated that such dances would negatively impact students' mental health and moral values. It will create indiscipline and harm the sanctity of education.
"All the Deputy Directors (Administration) of the state's School Education Department have been asked to take strict measures to prevent children or students from dancing to obscene songs in all government, aided and unaided schools in the state," the office of the commissioner of the School Education Department said in a recent circular.
"If it is found that children are being made to dance to obscene songs, appropriate action will be taken against the headmaster or management of such school," it added.
The department also listed certain measures in this regard, which include: strictly prohibiting children from being made to dance to obscene songs during educational and cultural programmes; selecting songs that are inspiring, positive, instilling national pride in children and reflecting the greatness, dignity, values, culture, and morality of the state.
Stating that the school headmaster and management are responsible for selecting songs and dances for cultural programmes, it said, they should also ensure that students wear decent clothes in dance or cultural programmes.
