Hdfc Bank Stock News

“We would like to extend our gratitude to the regulator for this action. We are fully committed to ensuring continued adherence to the highest standards of compliance with RBI recommendations,” HDFC Bank said.

Mumbai (Maharashtra) [India], March 14 (ANI): The share price of HDFC Bank surged 3.25 per cent on Monday after the Reserve Bank of India (RBI) lifted all the restrictions imposed on the lender regarding its business-generating activities under a programme called Digital 2.0. HDFC Bank was the second highest gainer among the 30 Sensex stocks. […]

On the Sensex chart, Infosys, HDFC Bank, SBI, Maruti Suzuki, Axis Bank and ICICI Bank were the top performers, gaining as much as 3.76 percent.

The share price of HDFC Bank surged 3.25 per cent on Monday after the Reserve Bank of India (RBI) lifted all the restrictions imposed on the lender regarding its business-generating activities under a programme called Digital 2.0.

New Delhi, March 14 (IANS) 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’ programme. In December 2020, the RBI had directed HDFC Bank to temporarily stop all launches of the ‘Digital Business’ generating […] The post HDFC Bank shares rise as RBI lifts curbs on bank’s digital initiatives appeared first on Buziness Bytes .

HDFC Bank shares up as RBI lifts curbs on bank''s digital initiatives

The stock has underperformed its peers and the broader market since the Reserve Bank of India (RBI) imposed curbs on HDFC Bank''s credit card and digital operations in late 2020, citing outages in its digital payment services.

“The lifting of the digital embargo on digital 2.0 effectively means that all the backend work which we should be doing is part of the transformation and everyone will see some of those changes coming about over the next two to three quarters. I would like to put on record our appreciation and thanks to the RBI for pointing this out. It has only made us strong.”

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

The Reserve Bank of India (RBI) has lifted all restrictions imposed on this private lender. The shares of the largest Indian private lender were trading at Rs 1,436.7 per share to touch day''s high level on the BSE. Get more Markets News and Business News on Zee Business.

In December 2020, RBI had imposed restrictions on HDFC Bank on issuing new credit cards, and introducing new digital initiatives due to concerns over recurring IT-system outages

Shares of HDFC Bank rose nearly 3 per cent after the Reserve Bank of India (RBI) lifted restrictions on its business-generating activities planned under the bank''s Digital 2.0 program. The post RBI lifts curbs on digital business, HDFC Bank stock rises appeared first on Businessfortnight .

HDFC Bank share price jumps over 2% after RBI relief

The withdrawal of ban would aid HDFC Bank to indulge in digital ecosystem banking like seamlessly tying up with hospitals, auto vendors, among others, and launching digital personal loan products etc.

HDFC Bank shares rose as much as 2.6 percent on Monday after the Reserve Bank of India (RBI) lifted the restrictions placed on the fresh digital launches of the bank. Morgan Stanley believes that RBI approval should reduce investor concerns about the bank''s digital capabilities. It has maintained an ''overweight'' rating on the stock with a target at Rs 2,050 per share while Jefferies has maintained a ''buy'' call on the bank''s stock with a target at Rs 2,160 per share.