Kotak Mahindra Bank's CEO, Ashok Vaswani, announced a substantial investment of ₹1,700 crore in technology upgrades to address concerns raised by the Reserve Bank of India (RBI). These upgrades aim to enhance the bank's technology capacity, risk management, and resilience. Following RBI's instructions, the bank temporarily ceased onboarding customers digitally and issuing credit cards due to unresolved technological issues. Vaswani assured that existing customers will face no restrictions, highlighting ongoing efforts to meet regulatory expectations. v