HDFC Bank tackling tech glitches, awaits RBI cues on easing of curbs

HDFC Bank, which issues nearly 150,000 credit cards a month, was directed by the RBI in December to stop issuing fresh cards until it had sorted out its tech problems. The bank also couldn’t launch any new digital initiatives. In February, the regulator appointed an external firm for carrying out a special audit of HDFC Bank’s IT infrastructure. The report was submitted last month.

from Wealth-Economic Times https://economictimes.indiatimes.com/wealth/personal-finance-news/hdfc-bank-tackling-tech-glitches-awaits-rbi-cues-on-easing-of-curbs/articleshow/83631421.cms