HDFC OUTAGE
HDFC Bank submits plan of action to RBI, hopes to fix outage issue in 3 months
The action plan will take 10-12 weeks for implementation, and further timeframe will depend on the RBI's inspection. Based on the satisfact...
HDFC Bank submits outage control plan
The bank is working on multiple immediate and long-term solutions as part of its internal review. “The action plan that the bank is working...
Analysts see up to 27% upside in HDFC Bank after Q3 earnings beat
Analysts noticed a slight recovery in the bank's net interest margin (NIM) and said the restructuring of 0.5% of its loans was in line with...
Will HDFC Bank bury 2020 underperformance?
RBI CURBS weighed on stock in past few months, but biz model has no flaws, they say
RBI intervention may increase to check bank system outages: Report
Emkay feels that the RBIs overall audit process and post-audit approval and implementation process at HDFC Bank may take 3 to 6 months.
Suspension of new digital initiatives, credit cards negative for HDFC Bank: Moodys
Last week, banking sector regulator Reserve Bank of India (RBI) had asked the bank to temporarily stop all launches under its digital 2.0 i...
ICICI Bank tells analysts technical outages can happen anytime, banks can only reduce probability
ICICI bank recently hosted its analyst day where the bank showcased their digital capabilities around each of their business verticals and ...
The week that was in 10 stocks: HDFC Bank slumps; Adani Power, Tata Chemicals, airlines rally
Here are key stocks that saw significant movement during the last week.
Not a tangled web we must weave, RBI tells banks & their proxies
Customer protection and complaints resolution become key policy action items for the central bank as frequent service outages at top lender...
RBI to strengthen supervisory standards in the light of recent outages at HDFC Bank, SBI Yono
Earlier episodes, overwhelming presence in digital payments prompted drastic measures on HDFC Bank, says RBI governor Shaktikanta Das. A ce...
RBI pulls up HDFC over outages, tells bank to halt all digital launches, new credit cards
The regulator has sought an explanation from HDFC Bank about an interruption in digital services on November 21. This is the third disrupti...
Will RBI curbs hurt HDFC Bank stock?
While shares of the bank — a stock market darling for the past decade — ended near their session lows on Thursday, analysts see this as a t...
HDFC Bank's problems may be linked to growing too fast
HDFC Bank is the largest credit card issuer with 1.49 crore cards is use according to RBI data. It is also one of the largest banks with re...
After HDFC Bank, now SBI’s YONO hit by a system outage
SBI which has a customer base of 490 million, processes at least 4 lakh transactions on its digital offerings on a daily basis. About 55% o...
ET in the classroom: How the RBI move on HDFC Bank affects customers
The Reserve Bank of India’s move to temporarily ban private lender HDFC Bank from onboarding new credit card clients and launching digital ...
After RBI action on outages, HDFC Bank CEO steps in to allay customer fears
RBI on Thursday asked HDFC Bank to temporarily halt new digital offerings and stop sourcing credit card customers.
RBI ban on HDFC Bank could stay for 3-6 months: Macquarie Capital
This unprecedented order by the RBI comes after the bank suffered its third big outage in the span of just two years. The RBI order also st...
Restrictions on HDFC Bank after outage: What RBI's order means, and likely impact on customers
The RBI order comes after another recent major outage, the third such instance in a span of two years, at HDFC Bank which is the country's ...
HDFC Bank outage: RBI seeks details
The regulator has sought details behind the data centre outage that meant services on the Unified Payments Interface (UPI), ATMs and card c...
MORE NEWS