Reserve Bank allows HDFC Bank to sell new credit cards
The Hindu
On Wednesday, HDFC Bank said RBI has relaxed the restrictions placed on the bank to issue new cards.Reserve Bank of India had issued orders in December and February to HDFC Bank on certain incidents o
On Wednesday, HDFC Bank said RBI has relaxed the restrictions placed on the bank to issue new cards. Reserve Bank of India had issued orders in December and February to HDFC Bank on certain incidents of outages in the internet banking /mobile banking / payment utilities of the bank over the past two years. "As a further update to the above intimations, we wish to inform you that the RBI vide its letter dated August 17, 2021, has relaxed the restriction placed on sourcing of new credit cards," it said in a regulatory filing.
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