Kotak Mahindra Bank is actively working to resolve the digital infrastructure shortcomings identified by the Reserve Bank of India (RBI), according to Managing Director and CEO Ashok Vaswani. In an exclusive interview, Vaswani revealed that the bank has been closely collaborating with the regulator, with frequent updates on their progress.

“We’ve been in continuous touch with the RBI, sometimes even every week, getting their guidance and ensuring we’re on the right path,” said Vaswani. He explained that the bank has taken the opportunity presented by the RBI’s restrictions to leap ahead in technology: “Like in every crisis, there’s an opportunity. We’ve taken this as a chance to leapfrog and make our systems resilient and relevant for the future.”

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