HDFC Bank set for post-embargo scenario with aggressive payments biz plans

Refuses to hazard a guess on when RBI will lift curbs; picks up stake in Pune-based enterprise software solutions firm

Hinting at aggressive plans in the payments business arena, the country's largest private bank HDFC Bank said on Wednesday that it is looking to regain market share after RBI lifts curbs on credit card and digital banking. It expects growth at rates higher than industry.

Parag Rao, the lender's Group Head–Payments, Consumer Finance, Digital Banking & IT, said it has used the six months since restrictions were imposed in December 2020, to rehaul and improve digital and IT infrastructure and invest more in IT systems for future requirements. The bank will be back with a bang after the embargo is