The Reserve Bank of India had to ask HDFC Bank to suspend the launch of digital businesses or the issuance of new credit cards due to the “overwhelming presence” of the lender, Governor Shaktikanta Das said on Friday. “You see, we cannot put together hundreds of thousands of customers who …
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HDFC bank revealed that the current supervisory action will not have a material impact on the bank’s operations. After frequent technical disruptions that plagued HDFC Bank’s online services, the Reserve Bank of India (RBI) ordered all new digital launches and the supply of new credit cards to be halted temporarily. …
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HDFC Bank to stop digital activities The Reserve Bank of India (RBI) has banned HDFC Bank from adding new credit card customers or launching digital businesses after its digital payment services were hit by technical outages last month. In an order dated December 2, 2020, the central bank also took …
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