Private sector lender Bandhan Bank, on October 3, said it has completed migrating its core banking system and internet banking.
"We have successfully completed the migration of its Core Banking System and Internet Banking to a new platform on October 03, 2023," the bank said in a notification on the exchanges.
Recently, certain banks have encountered technical difficulties with their digital and tech-based banking services. Furthermore, there have been problems with the digital mobile applications of other banks.
For example, the country's largest private sector lender, HDFC Bank, in February 2023 faced issues with its digital and web banking services. ICICI bank was another private sector bank that faced a tech outage in May 2023.
Other than this, some customers of HDFC Bank, ICICI Bank, Yes Bank, Bank of Baroda and IDFC First Bank, who participated in the retail digital rupee pilot, have complained of technical problems and issues while making payments.
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