new Delhi. If you are thinking of getting a new credit card of HDFC Bank, then this news is for you only. In fact, the Reserve Bank of India has also banned the new credit card of HDFC Bank and all further digital projects. RBI has taken this action on the complaint of online services being down several times in the last two years.
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Perfect your services
The Reserve Bank of India has clearly told the bank that these services will be operational only when they are satisfied that regulatory and accountability issues have been resolved. RBI has said that there have been continuous complaints about the bank’s online services for the last 2 years. In such a situation, he has to take this step. However, the Reserve Bank has said that these restrictions will be lifted as soon as the issues are resolved.
Shock to the bank
After this move by RBI, HDFC Bank shares have come down drastically. Bank shares have lost about Rs 25. According to experts, the bank’s stock may fall further.
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Service down is often
According to RBI, digital systems of HDFC Bank have been stalled several times in the last two years. On November 21 and 22, the bank’s servers were shut down for 12 hours. Due to which the UPI, ATM and debit / credit card services were completely disrupted. This is the third time in the last two years.