HDFC Bank Ltd.

HDFC Bank has issued 4 lakh new credit cards after the lifting of the ban by the RBI last month. These new card issuances are as of September 21, 2021 and it marks bank's aggressive growth path that it has charted post the embargo to re-invent and co-create the credit cards portfolio with strong products and partnerships.

In mid August, the RBI partially lifted the ban on issuing new credit cards imposed on the bank in December last year due to repeated instances of technology outages. The RBI has continued with the restrictions on the new launches on the digital front on the lender.

HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.