Hdfc Bank Stock News

The India’s largest private lender HDFC Bank on Saturday in a release said that the Reserve Bank of India (RBI) has lifted all the restrictions it had put in place on the bank’s business generating activities planned under the Digital 2.0 program.

Mumbai (Maharashtra) [India], March 12 (ANI): HDFC Bank on Saturday said the Reserve Bank of India (RBI) has lifted all the restrictions imposed on the lender regarding its business-generating activities under a programme called Digital 2.0. “We wish to inform you that the RBI vide its letter dated March 11, 2022 has lifted the restrictions […]

The Reserve Bank had restricted the private sector lender from launching new programmes or the business-generating activities planned under its Digital 2.0 programme.

HDFC Bank on Saturday informed that the Reserve Bank of India has lifted all restrictions imposed on its business generating activities

HDFC Bank can launch digital initiatives as RBI lifts curbs

HDFC Bank on Saturday said that the Reserve Bank of India has lifted all the restriction on the business generating activities

In December 2020, The RBI had barred HDFC Bank from launching new digital products or services

In December 2020, RBI had asked HDFC Bank to halt launches under its digital banking initiative and to stop sourcing any new credit card customers, albeit temporarily. The curbs followed multiple outages in the bank''s e-banking channels

''Reserve Bank of India has lifted the restriction on the business generating activities planned under the Bank''s Digital 2.0 programme,'' announced HDFC Bank

HDFC Bank, which issues more than 2 lakh credit cards a month, was directed by the RBI in December 2020 to stop issuing fresh cards until it had sorted out its tech problems.

HDFC Bank said it is fully committed to ensuring continued adherence to the highest standards of compliance with RBI recommendations.

RBI in December 2020 had asked HDFC Bank to stop all launches of its upcoming digital business-generating activities

HDFCBANK Weekly Outlook and Analysis: For the Week: (March 14, 2022 – March 18, 2022) BSE: 500180| NSE: HDFCBANK| ISIN: INE040A01026| SECTOR: BANKS HDFC Bank Share Price: 1396.80(NSE) HDFC Bank closed the Week on Positive Note Gaining 2.22% Weekly High: 1427 Weekly Low: 1292 Weekly Range: 135 Points Weekly Support… The post HDFC Bank Outlook for the Week (March 14, 2022 – March 18, 2022) appeared first on Equitypandit .

"Rupee snapped gains amid dollar demand from oil importers and state-run power companies. Dollar strengthening against major currencies following stronger US economic data also weighed on the local unit," said Dilip Parmar, Research Analyst, HDFC Securities.

ICICI Securities is bullish on HDFC Bank recommended buy rating on the stock with a target price of Rs 1955 in its research report dated March 11, 2022.