RBI relaxes restriction placed on HDFC Bank Limited for sourcing new credit cards

RBI vide its letter dated August 17, 2021 has relaxed the restriction placed on sourcing of new credit cards. The Board of Directors of HDFC Bank Limited has taken note of the said RBI letter.

The restrictions on all new launches of the Digital Business generating activities planned under Digital 2.0 will continue till further review by RBI. The bank will continue to engage with RBI and ensure compliance on all parameters.

Shares of HDFC Bank Ltd. was last trading in BSE at Rs. 1514.85 as compared to the previous close of Rs. 1529.35. The total number of shares traded during the day was 231789 in over 7798 trades.

The stock hit an intraday high of Rs. 1524.35 and intraday low of 1505.3. The net turnover during the day was Rs. 350987610.

Source : Equity Bulls

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