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    Sub: Intimation Under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (The "Regulations")

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    Deep Gandhi
    The Reserve Bank of India had placed restrictions on HDFC Bank in December 2020 due to certain outages in their digital banking services over the past two years. On August 17, 2021, RBI relaxed the restriction on sourcing new credit cards, which the HDFC Bank Board of Directors has noted. However, restrictions on all new digital business launches planned under Digital 2.0 will continue pending further review by RBI. HDFC Bank will continue engaging with RBI to ensure compliance on all parameters.

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    Sub: Intimation Under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (The "Regulations")

    Uploaded by

    Deep Gandhi
    110 views1 page
    The Reserve Bank of India had placed restrictions on HDFC Bank in December 2020 due to certain outages in their digital banking services over the past two years. On August 17, 2021, RBI relaxed the restriction on sourcing new credit cards, which the HDFC Bank Board of Directors has noted. However, restrictions on all new digital business launches planned under Digital 2.0 will continue pending further review by RBI. HDFC Bank will continue engaging with RBI to ensure compliance on all parameters.

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    The Reserve Bank of India had placed restrictions on HDFC Bank in December 2020 due to certain outages in their digital banking services over the past two years. On August 17, 2021, RBI relaxed the restriction on sourcing new credit cards, which the HDFC Bank Board of Directors has noted. However, restrictions on all new digital business launches planned under Digital 2.0 will continue pending further review by RBI. HDFC Bank will continue engaging with RBI to ensure compliance on all parameters.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    110 views1 page

    Sub: Intimation Under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (The "Regulations")

    Uploaded by

    Deep Gandhi
    The Reserve Bank of India had placed restrictions on HDFC Bank in December 2020 due to certain outages in their digital banking services over the past two years. On August 17, 2021, RBI relaxed the restriction on sourcing new credit cards, which the HDFC Bank Board of Directors has noted. However, restrictions on all new digital business launches planned under Digital 2.0 will continue pending further review by RBI. HDFC Bank will continue engaging with RBI to ensure compliance on all parameters.

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    of 1

    CIN: L65920MH1994PLC080618 HDFC Bank Limited,

    Email: [email protected] Zenith House,


    Website: www.hdfcbank.com Opp Race Course Gate no. 5 & 6,
    Keshavrao Khadye Marg,
    Mahalaxmi, Mumbai- 400034
    Tel.:022-39760001/0012

    August 18, 2021

    BSE Limited National Stock Exchange of India Limited


    Dept. of Corporate Services Listing Department
    Phiroze Jeejeebhoy Towers, Exchange Plaza
    Dalal Street, Fort, Bandra Kurla Complex
    Mumbai 400 001 Mumbai 400051
    Scrip Code – 500180 Symbol - HDFCBANK

    Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure


    Requirements) Regulations, 2015 (the “Regulations”)

    Dear Sir,

    We refer to our earlier intimations dated December 03, 2020 and February 02, 2021 with
    respect to the Order issued by Reserve Bank of India (RBI) dated December 02, 2020 (“Order”)
    addressed to HDFC Bank Limited (the “Bank”) on certain incidents of outages in the internet
    banking / mobile banking / payment utilities of the Bank over the past 2 years.

    As a further update to the above intimations, we wish to inform you that the RBI vide its letter
    dated August 17, 2021 has relaxed the restriction placed on sourcing of new credit cards. The
    Board of Directors of the Bank has taken note of the said RBI letter.

    The restrictions on all new launches of the Digital Business generating activities planned under
    Digital 2.0 will continue till further review by RBI. We will continue to engage with RBI and
    ensure compliance on all parameters.

    We request you to kindly take note of the same.

    Thanking you,

    Yours Faithfully,
    For HDFC Bank Limited
    Digitally signed by SANTOSH
    SANTOSH GURUDAS GURUDAS HALDANKAR
    HALDANKAR Date: 2021.08.18 09:09:17
    +05'30'

    Santosh Haldankar
    Senior Vice President- Legal & Company Secretary

    Regd. Office: HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013

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