HDFC Bank's big digital hiccup
The central bank orders the private bank to temporarily stop launches of digital business generating activities as well as sourcing of new credit card customers.
The central bank orders the private bank to temporarily stop launches of digital business generating activities as well as sourcing of new credit card customers.
On the 37th day since taking charge, the RBI diktat—gagging HDFC Bank’s digital initiatives and addition of new credit card customers—is the first big challenge for the bank's new MD & CEO.