RBI bars HDFC Bank from issuing new credit cards, digital launches following outages
MUMBAI: The Reserve Bank of India (RBI) has asked HDFC Bank to stop launches of new digital business activity and not to add new credit card customers following repeated outages in its ronic banking services. The lender has also asked the bank’s board to examine the lapses and fix accountability
Why not blacklist SBI, which is down most of the time? Is it because SBI has strong lobby?
What about th egt. banks which have regular outages since years and which they do no rectify even after compning.
Most of the PSU banks have shoddy service levels. Why no action ag inst them? I operate HDFC bank and it is the most digital of all of them. I have faced the least issues with HDFC bank
Compared to SBI downtime, HDFC is nothing
Service offered by HDFC bank is of highest standard and quality. I have never faced any trouble in any transaction since attached with the bank. Their NPA is least compared to PSU banks .
Ravi Ranjan Ravi
HDFC is also a private bank.
Ratheesh Kumar M
Compared to HDFC SBI has more outage.
RBI seems a bit harsh on HDFC Bank
Gt banks are the worst. ATMs most of the time are on the blink.
Feku, aka Surrender Modi, should first expn why he gave the necessary green light for 's central bank to pick up 1.75 crore shares in HDFC. That's a much bigger issue than issuing new credit cards.
Moreover HDFCs customer care is inaccessible completely....they have only bots with limited solutions in terms of customer care...very disappointed lately with their operations.
Good move by RBI.
I have an account with Bank Of Baroda. Net Banking has been down for 6 days (yes 6 days, not 6 hours). What has the RBI done about it?
Good job by RBI. RBI should keep a close watch on all banks whether private or gt to prect the interests of public.
V Ravi Shankar
why is RBI not taking any action on SBI? in net banking or even in branch full FY account statements are not available. even after written requests & paying rs 118 one has to visit 3 times.
Good move by RBI...at the same time, RBI needs to mete out similar reprimand to other inefficient banks too.
A G R India
Banks works only for rich and powerful people. for common man it is like a ration shop.