"We will have our day when the proportion of borings comes down. We will have enough momentum in terms of funding, which we can then unleash in terms of growth," said the CEO.
RBI appoints tech firm to carry out IT infra audit of HDFC Bank
RBI s recent order comes after it advised HDFC Bank to temporarily stop all new launches of digital business generating activities planned under its programme Digital 2.0 on December 3, 2020
Manoj Sharma | February 2, 2021 | Updated 11:21 IST
HDFC Bank says it will extend cooperation to external professional IT company appointed by RBI
After the Reserve Bank of India (RBI) directed HDFC Bank to stop all launches of digital business generating activities after a series of outage incidents, the apex bank has appointed an IT firm for carrying out a special audit of the entire IT infrastructure of India s biggest private lender. The name of the IT firm has not been disclosed so far.
HDFC Bank submits plan to stop repeated glitches after RBI action
Plan submitted to RBI includes both short and long-term solutions, which may take up to three months to implement. HDFC Bank was barred from issuing any new credit cards on December 12, 2020, after a series of technical glitches
BusinessToday.In | February 2, 2021 | Updated 11:21 IST
The bank holds a 40 per cent share in the digital payments business, while 26 per cent in the credit card business
HDFC Bank has submitted its plan to stop repeated glitches in its technology platform after the Reserve Bank of India (RBI) recently pulled the plug on the lender, restricting it from making any new credit card acquisitions.