2 min read.Updated: 18 Aug 2021, 10:32 AM ISTLivemint
HDFC Bank said that the Reserve Bank of India has lifted the restrictions on issuing cards but that on digital launches stays
India’s most valuable lender, HDFC Bank Ltd is back in the credit card business. Investors love this as the shares of the bank rose more than 3% in the first half hour of trade today. For perspective, the bank’s shares have been underperforming the broad Nifty ever since it was restricted from issuing fresh credit cards in December 2020.