Correct Answer : HDFC Bank
The Reserve Bank of India (RBI) on August 18, 2021 partially lifted the digital ban on HDFC Bank. The move has allowed the bank to start issuing new credit cards again.
The comes as a huge relief to the private lender, as it was placed under an embargo by the regulator in December 2020 that banned it from issuing new credit cards.
The restrictions on the bank’s new offering under its Digital 2.0 strategy will however remain. The HDFC Bank said in a statement, “the Reserve Bank of India has lifted the restriction placed on sourcing of new credit cards”.