HDFC Bk: Analysts eye new launches as RBI lifts curb on digital initiatives

In December 2020, RBI had imposed restrictions on HDFC Bank on issuing new credit cards, and introducing new digital initiatives due to concerns over recurring IT-system outages

With the Reserve Bank of India (RBI) lifting restrictions put on HDFC Bank's new digital initiatives, analysts eye new initiatives by the bank to drive growth. The move, they say, would help HDFC Bank push the launch of new platforms such as Payments-Hub, Customer-Experience Hub, Neo-bank vertical and ecosystem platforms.

According to a note by Jefferies, the lifting of restrictions will help the bank push the above-mentioned key digital initiatives over the next 6-12 months. The lifting of the ban would also allow the bank to smoothen business-as-usual (BAU) initiatives, instead of having to seek clarity from RBI in case