Allegedly, an Indian banking and financial services company, Kotak Mahindra Bank intends to recruit approximately 400 engineers this year to bolster its technological infrastructure following criticism from the RBI regarding deficiencies.
Recently, RBI instructed Kotak to cease digital client acquisition and credit card issuance due to identified inadequacies in its IT framework.
By beefing up its engineering team, Kotak aims to implement robust upgrades and enhancements to its IT infrastructure, thereby fortifying its systems against vulnerabilities and potential lapses.
This proactive approach underscores Kotak’s commitment to compliance and technological advancement in the dynamic banking landscape.
Through strategic recruitment and focused efforts, Kotak endeavors to not only rectify existing issues but also future-proof its technology systems, fostering trust and confidence among regulators, clients, and stakeholders alike.
Kotak Mahindra Bank Jobs?
The bank is hiring across the country and inviting job applications from experienced professionals for various roles across India.
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Established in 1985, Kotak Mahindra Group is one of India’s leading financial services conglomerates.
In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the Group’s flagship company, received banking license from the Reserve Bank of India (RBI), becoming the first non-banking finance company in India to convert into a bank – Kotak Mahindra Bank Ltd (KMBL).
The premise of Kotak Mahindra Group’s business model is concentrated India, diversified financial services.
The bold vision that underscores the Group’s growth is an inclusive one, with a host of products and services designed to address the needs of the unbanked and insufficiently banked.
Kotak Mahindra Group has a global presence through its subsidiaries in UK, USA, Gulf Region, Singapore and Mauritius with offices in London, New York, Dubai, Abu Dhabi, Singapore and Mauritius respectively.
As on 31st March, 2024 , Kotak Mahindra Bank Ltd has a national footprint of 1,948 branches and 3,291 ATMs (incl. cash recyclers), and branches in GIFT City and DIFC (Dubai).
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