The Reserve Bank of India told HDFC Bank to suspend planned digital launches and the adding of new credit card customers after the outages, which occurred over the past two years, the bank said on Dec 3. — Reuters
HDFC Bank Ltd was ordered to curb some digital and credit card operations following a series of glitches at the Indian lender, a rare step by the financial regulator as online transactions surge in the nation.
The Reserve Bank of India told the company to suspend planned digital launches and the adding of new credit card customers after the outages, which occurred over the past two years, HDFC Bank said on Dec 3.
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