- RBI had banned HDFC Bank from issuing fresh Credit cards on December 3rd last year and introducing new digital products after several people reported technical glitches in the past two years.
- However, the ban was lifted on 17th August 2021 which has boosted the bank’s confidence.
- The bank has now readies to issue fresh credit cards which shall be to the tune of half a million cards per month by February 2022.
Here is a news item, which explains more about the process.
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