Last month Reserve Bank of India took supervisory action against Kotak Mahindra Bank Limited for gaps in their technology function. In the past they have taken action citing IT concerns against Bank of Baroda, Paytm Payments Bank, HDFC Bank, (- by no means exhaustive), etc. In this guest blog, R Gurumurthy, former Head of Governance, RBL Bank Limited, lists some of the areas that RBI typically flags in its IT audit of banks and how to interpret its missives.

Read this blog here.