New Delhi, March 17 -- Zerodha co-founder Nithin Kamath has criticized net banking apps for the excessive permissions they require on the smartphones of users. Kamath says that the 'invasive device permissions' required by these apps lead him to not use them on his phone.

In a post on X (formerly Twitter), Kamath wrote, "I don't use net banking apps on my phone because the mandatory permissions they ask for make no sense."

Kamath then went on to question why banking apps require access to sensitive personal data like SMS, phone logs and contacts under the guise of security.

He also highlighted that avoiding such invasive device permissions is actually the global benchmark for cybersecurity, a concept formally known as the Principle of ...