RBI appoints external firm to audit HDFC Bank's IT infrastructure

In December last year, irked at the repeated service outages, the RBI asked the lender to temporarily halt all its digital launches as well as new sourcing of credit card customers

HDFC Bank on Tuesday informed the stock exchanges that the Reserve Bank of India (RBI) appointed an external professional IT firm for carrying out a special audit of its entire IT infrastructure.

The bank had been penalised by the RBI for repeated service outages in the internet banking, mobile banking and payment utilities space.

In a notification to the exchanges, the bank said, “…RBI has appointed an external professional IT firm for carrying out a special audit of the entire IT infrastructure of the bank under Section 30 (1-B) of the banking regulation Act, 1949 (“the Act”), at the cost of the