HDFC gets orders to stop issuing any new credit cards

HDFC gets orders to stop issuing any new credit cards: The Reserve Bank of India (RBI) has directed HDFC Bank, not to further issue any new credit cards as well as halt the launch of new digital businesses, according to a company filing with the stock exchanges. The order has come after a notable rise in the number of outages of its online services over the last two years, the most recent being on November 21.

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