RBI lifts restrictions on HDFC Bank's new digital launches after a year

The Reserve Bank of India (RBI) has lifted restrictions on HDFC Bank's new digital launches after more than a year, the private lender said. These restrictions were imposed in December 2020, due to instances of outages in HDFC's internet banking services. In 2021, the RBI allowed HDFC Bank to issue new credit cards after imposing a ban for eight months.