Fact behind why RBI says HDFC to stop its all Digital Launches

Fact behind why RBI says HDFC to stop its all Digital Launches
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New Delhi: As everyone knows that Reserve Bank of India (RBI) stopped HDFC, India's biggest private lender in their all-digital launches temporarily. 
 
This Digital 2.0 launch includes the many digital business and other businesses which includes IT application and Credit Card.Therefore there will be a big loss to the HDFC by suspending this launch till the further clearance by the RBI. 
 
The main reason behind suspending all Digital Launches is a power failure in the primary internet banking and payment systems. This major issue has been identified by the RBI and considering that it should be examined and fix this critical observation.

 

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