Read more about HDFC Bank submits action plan to RBI, hopes to fix outage issue in 3 months on Business Standard. The bank hopes to improve its technology platform in three months
HDFC proposes action plan to RBI, aims to fix outage issue in 3 months
The private bank has been penalised for two major outages one in November 2018 and the other in December 2019
PTI | January 22, 2021 | Updated 17:25 IST
The bank is the largest issuer of credit cards and had 1.49 crore customers as of September 2020 while on the debit cards front, it had 3.38 crore customers
The country s largest private sector lender HDFC Bank has submitted a detailed plan of action to the RBI to address repeated service disruption issues due to outage and hopes to improve its technology platform in three months.
Progress is being made on the plan of action provided to the RBI and the bank has taken this positively as it will raise the standard, according to a senior official of HDFC Bank.
The country's largest private sector lender HDFC Bank has submitted a detailed plan of action to the RBI to address repeated service disruption issues due to outage and hopes to improve its technology platform in three months.
HDFC Bank submits plan of action to RBI, hopes to fix outage issue in 3 months
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HDFC Bank submits plan of action to RBI, hopes to fix outage issue in 3 monthsPTI
Last Updated: Jan 22, 2021, 04:29 PM IST
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The action plan will take 10-12 weeks for implementation, and further timeframe will depend on the RBI s inspection. Based on the satisfaction level, the regulator will lift the ban, the official said at an analysts meet.
New Delhi: The country s largest private sector lender HDFC Bank has submitted a detailed plan of action to the RBI to address repeated service disruption issues due to outage and hopes to improve its technology platform in three months. Progress is being made on the plan of action provided to the RBI and the bank has taken this positively as it will raise the standard, according to a senior official of HDFC Bank.