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India`s HDFC Bank says cenbank relaxes curbs on sourcing new credit cards
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BENGALURU - India's largest private-sector lender HDFC Bank Ltd said on Wednesday the country's central bank has relaxed restrictions placed on it last year on sourcing new credit cards due to outages in the bank's digital payment services.
However, restrictions on new launches related to the company's digital business will continue till further review by the Reserve Bank of India, HDFC Bank said in a regulatory filing https://www.bseindia.com/xml-data/corpfiling/AttachLive/f340c71d-47ab-4856-a96a-16fcb17d1072.pdf.
The company's shares rose as much as 3.4%.
(Reporting by Chris Thomas in Bengaluru; Editing by Shounak Dasgupta)
