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RBI appoints IT firm to carry special audit of HDFC Bank s IT infrastructure
Posted On: 2021-02-01 22:10:51 (Time Zone: Arizona, USA)
The Reserve Bank of India ( RBI ) had earlier issued an order to HDFC Bank Limited (the Bank ) with regard to certain incidents of outages in the internet banking / mobile banking / payment utilities of the Bank over the past 2 years, including the recent outages in the Bank s internet banking and payment system on November 21, 2020 due to a power failure in the primary data centre.
The RBI has now appointed an external professional IT firm for carrying out a special audit of the entire IT infrastructure of the Bank under Section 30 (1-B) of the Banking Regulation Act, 1949 ( the Act ), at the cost of the Bank under Section 30 (1-C) of the Act.
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