HDFC Bank submits digital outage control plan to RBI

HDFC Bank's CFO Srinivasan Vaidyanathan on Saturday said the bank has submitted to the Reserve Bank of India (RBI) a plan on how it will fix issues related to digital outages. In December, RBI had barred HDFC Bank from launching digital initiatives and signing up credit card customers following repeated outages of its services including ATMs and e-banking since 2018.