RBI puts restrictions on HDFC bank, read what's it

Important news for hDFC Bank customers. The Reserve Bank has reprimanded the customers of the bank for a long time in digital work. RBI has ordered the bank to stop working on its proposed digital proposals.

RBI has banned HDFC Bank from issuing new credit cards. RBI has asked the bank to stop digital business activities under the program Digital 2.0, as well as the proposed business IT application.

Giving information about this ban, HDFC Bank has said that RBI's digital service has been temporarily stopped by the RBI. It also prohibits the issuance of new credit cards. At the same time, the RBI has said that the board of the private bank should fix the accountability while plugging the flaws.

The Reserve Bank of India (RBI) has advised HDFC Bank to stop any fresh activities under its Digital 2.0 initiative. Also stop sourcing new credit card customers. Actually, the bank has faced a lot of problems in its internet banking, mobile banking and payment utility services for the last two years.

HDFC Bank has told the stock exchanges, 'The Reserve Bank has advised that all digital business activities planned under Digital 2.0 and proposed IT applications and sourcing of new credit card customers be stopped.'

Which speed methods are banned -

All digital business activities and proposed IT applications planned under Digital 2.0 2. Prohibition on creation of new credit card customers

The Reserve Bank has also said that the board of the bank will have to investigate these flaws and fix accountability. On the other hand, the bank says that it has taken concrete steps for remediation after the recent incidents of digital bank channels going down.