Good news for HDFC Bank customers!  RBI lifts ban on digital launch

Good news for HDFC Bank customers! RBI lifts ban on digital launch

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new Delhi. Private sector bank HDFC Bank has got a big relief from the Reserve Bank of India i.e. RBI. Actually, RBI has lifted the ban on the digital launch of the bank. HDFC Bank informed the stock exchanges about this on Saturday. The bank gave this information by issuing a statement on Saturday.

HDFC Bank has said, “RBI has removed the ban on business generating activities. The bank had made this plan under the Digital 2.0 program. The stock exchanges have been informed about this.”

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HDFC Bank was banned in December 2020
The RBI had taken this step after repeated outages in the data center of HDFC Bank. Due to this, there was a ban for HDFC Bank to launch activities under the Digital 2.0 program. RBI took this step against HDFC Bank in December 2020.

Tags: hdfc bank, RBI, Reserve Bank of India

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