RBI Has Lifted All Curbs On Business Generation Activities, Says HDFC Bank
NDTV
HDFC Bank on Saturday informed that the Reserve Bank of India has lifted all restrictions imposed on its business generating activities
HDFC Bank on Saturday informed that the Reserve Bank of India (RBI) has lifted all restrictions imposed on its business generating activities.
"We would like to inform one and all that the Reserve Bank of India has lifted the restriction on the business generating activities planned under the Bank's Digital 2.0 programme," the private lender said in a stock exchange filing.
In September 2021, the central bank had lifted restrictions on HDFC Bank on issuing new credit cards.
Prior to this, in December 2020, RBI had barred HDFC Bank from launching any new digital products or services and issuing new credit cards till it resolved recurring tech issues.
