RBI Lifts Ban, Allows HDFC To Issue New Credit Cards
The Reserve Bank of India (RBI) granted partial relief to HDFC on August 17 by lifting a ban on issuing new credit cards following eight months ban. However, the bank will still be barred from launching new technology initiatives until further orders from the RBI. Earlier in December 2020, the RBI imposed both the bans as it received several complaints of ''technological outrages at the lender.''