Today HDFC bank shared price rise by 3% in the early trade after the Reserve Bank of India partially lifted its ban on the bank on August 17. Today HDFC bank said RBI has allowed the lender to supply new credit cards.
“We want to tell you that the RBI vide its letter dated August 17, 2021, has eased the limitation placed on sourcing of latest credit cards. The board of directors of the bank has held note of the said RBI letter,” said HDFC.
HDFC bank expressed, “The restrictions on the new launches of the digital business making events planned under digital 2.0 will continue till further review by RBI. We will continue to connect with RBI and ensure compliance on all factors.”
