Bandhan Bank successfully transitions to new digital platform amid industry-wide tech issues

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Bandhan Bank successfully transitions to new digital platform amid industry-wide tech issues
Credit: © Reuters.

Bandhan Bank (NS: BANH ) has successfully transitioned its core banking system and internet banking to a new platform on Tuesday, according to an exchange notification. This development comes at a time when several banks are grappling with technical difficulties in their digital services.

Earlier this year, HDFC Bank (NS: HDBK ), touted as the country's largest private sector lender, and ICICI Bank (NS: ICBK ) experienced significant tech outages in their digital operations. Additionally, customers of HDFC Bank, ICICI Bank, Yes Bank (NS: YESB ), Bank of Baroda (NS: BOB ) and IDFC First Bank (NASDAQ: FRBA ) reported technical problems during the Retail digital rupee pilot.

The recent wave of tech issues plaguing the banking sector has put a spotlight on the importance of robust and reliable digital services. With Bandhan Bank's successful transition to a new platform, it remains to be seen how other banks respond to these ongoing challenges.

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