Reserve Bank of India Lifts Credit Card Ban on HDFC Bank
- Bank says to work with regulator to lift digital products ban
- Central bank imposed card ban after several online glitches
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HDFC Bank Ltd. will roll out strategies to “come back with a bang” in credit cards after the Reserve Bank of India lifted an eight-month long ban, it said in a statement on Wednesday.
India’s largest private lender will also “continue to engage with RBI and ensure compliance on all parameters,” it said. The central bank’s ban on unveiling new digital products remains.