Sunday, September 19, 2021
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Relief for HDFC Bank: RBI lifts 8-month ban on issuing new credit cards


A bank spokesperson confirmed that the Reserve Bank of India (RBI) had lifted an eight-month ban on HDFC Bank, a big relief to the private sector lender. On December 3, in an unprecedented move, the bank was barred from issuing new credit cards and launching any new digital products after multiple issues linked to digital banking, cards and payments on the bank’s platform in the last two years.



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