News > HDFC Bank shares rise as RBI lifts curbs on bank’s digital initiatives

HDFC Bank shares rise as RBI lifts curbs on bank’s digital initiatives

Insight Online | 14/03/2022 05:15 PM | Click to read full article

Shares of HDFC Bank rose significantly on Monday after the Reserve Bank of India lifted the restrictions on the bank regarding its business-generating activities planned under the 'Digital 2.0' program.

In December 2020, the RBI had directed HDFC Bank to temporarily stop all launches of the 'Digital Business' generating activities and sourcing of new credit card customers on certain incidents of outages in Internet banking, mobile banking, and payment utilities of the bank over the past two years.