HDFC’s Digital Initiatives

HDFC’s Digital Initiatives

  • Outages in the Digital Payments system of HDFC Bank has halted it from going ahead with to temporarily stop all new digital banking initiatives and sourcing of new credit card customers.
  • RBI has asked the bank to examine the lapses and fix accountability. This is initiated for lifting upon satisfactory compliance with the major critical observations as identified by RBI.
  • HDFC Bank informs that it is taking concrete steps to remedy the recent outages on its digital banking channels and assures its customers that the current supervisory action of the Regulator will not have any impact on its existing credit cards, digital banking channels and existing operations.
Article on RBI halts HDFC Bank from issuing new Credit Cards
Source: “The Hindu” dt 4th Dec 2020
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Author: Admin Bankedge

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