HDFC Bank indicates that all restrictions imposed by the RBI on the bank have been lifted
HDFC Bank on Saturday announced that the Reserve Bank of India (RBI) has lifted all restrictions imposed on the bank’s business generating activities.
“We would like to inform everyone that the Reserve Bank of India has lifted restrictions on business creation activities planned under the Bank’s Digital 2.0 programme,” said the person. private borrowers said in a stock exchange filing.
In September 2021, the central bank lifted restrictions on HDFC Bank on issuing new credit cards.
Previously, in December 2020, the RBI banned HDFC Bank from launching any new digital products or services and issuing new credit cards until the recurring technology issues were resolved.
HDFC Bank said it is fully committed to ensuring continued adherence to the highest standards of compliance with RBI recommendations.
“We’ve taken advantage of this time to draw up short, medium, and long-term plans to meet our customers’ evolving digital requirements, and we’ll roll out these initiatives in the future. We are glad that we will once again be able to offer our customers our full suite of best services and continue to serve them with devotion and humility,” it said. speak.
In December 2020, RBI asked HDFC Bank to cease all upcoming digital business developments and source new credit card customers after multiple data center outages. banks, which affected operations.
