Highlights
RBI had barred HDFC Bank from offering any new digital banking initiatives.
IDFC First Bank successfully added over 1.5 lakh customers.
New Delhi: ICICI Bank added a record number of credit cards customers in the quarter ended March 2021, courtesy of a ban on credit card issuances by HDFC Bank.
The private lender’s credit card customer base jumped by 672,911 between January to March 2021, according to the latest data published by the Reserve bank of India (RBI).
It is important to note here that the RBI had barred HDFC Bank from offering any new digital banking initiatives and credit card issuances till the time it rectifies the glitches in its systems. These glitches led to multiple outages in its internet and mobile banking service in the past two years.