Hot Deal RBI asks HDFC Bank to stop digital activities, sourcing new credit card customers

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HDFC Bank said the RBI order “has advised the bank to temporarily stop all launches of the digital business-generating activities planned under its program Digital 2.0 and other proposed business generating IT applications and sourcing of new credit card customers”.

“RBI has issued an order dated December 2, 2020, to HDFC Bank Ltd with regard to certain incidents of outages in the internet banking/ mobile banking/ payment utilities of the bank over the past two years, including the recent outages in the bank’s internet banking and payment system on November 21, 2020, due to a power failure in the primary data centre,” HDFC Bank said in a regulatory filing.

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hsmhsm wrote:

Why is nobody complaining to RBI about ICICI not honoring its promotions and wasting customers time? laughing

+100
ICICI must deserved to be complained..

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What’s the latest ? Any insiders by when this ban is expected to be lifted ?

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Sudarshan61 wrote:

What’s the latest ? Any insiders by when this ban is expected to be lifted ?

Any update??

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BAT_MAN wrote:

Any update??

as per my RM, definitely not before 31st March.

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