New Delhi: Shares of HDFC Bank rose significantly on Monday after the Reserve Bank of India lifted the restrictions on the bank regarding its business-generating activities planned under the Digital 2.0¹ programme,
In December 2020, the RBI had directed HDFC Bank to temporarily stop all launches of the Digital Business" generating activities and sourcing of new credit cards customers on certain incidents of outages in the Internet banking, mobile banking, and payment utilities of the bank over the past two years.
In August last year. RBI had relaxed the restrictions on the bank and allowed the lender to issue new credit cards.
However, the restrictions on all new launches of the digital business generating activities planned under Digital 2.0 were to be reviewed by the RBI.
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