RBI Allows HDFC Bank To Issue New Credit Cards: Report

RBI has allowed HDFC Bank to issue new credit cards, months after it curbed some of the lender's operations due to outages in its digital payment services.

Reserve Bank of India (RBI) has allowed HDFC Bank to issue new credit cards, a source familiar with the matter told Reuters, months after it curbed some of the lender's operations due to outages in its digital payment services. However, the Reserve Bank of India's ban on the bank introducing new digital initiatives will continue, the source said.