Kamath questions why banking apps need access to SMS & contacts, says 'They make no sense'

Billionaire Nithin Kamath questioned why banking apps force users to give them permissions to access SMS, phone and contact details of users. "I don't use net banking apps on my phone because the mandatory permissions they ask for make no sense," Kamath said, adding, "Not seeking invasive...permissions is...global benchmark for cybersecurity." He said apps seek permissions in "name of security".