These will be small in size and will be phygital centres. HDFC Bank says this will enable it to go after "catchment more aggressively" and build required liability franchise that it’s known for.
The central bank orders the private bank to temporarily stop launches of digital business generating activities as well as sourcing of new credit card customers.
On the 37th day since taking charge, the RBI diktat—gagging HDFC Bank’s digital initiatives and addition of new credit card customers—is the first big challenge for the bank's new MD & CEO.
The man who built HDFC Bank talks about the early days, and his successor Sashidhar Jagdishan.
