HDFC Bank on Thursday said network outages that led to a regulatory ban on new credit card sales were not due to transaction volumes, and affirmed that it continues to stay in touch with the RBI for restarting the services but giving a timeline for it will be difficult. The bank said it is on its way to creating a new technology architecture for the future as part of the "digital factory" and "enterprise factory" initiative. But, it conceded that outages will continue under the older system though it will be working to minimise the time taken to bring the service back. In December 2020, the RBI took the unprecedented step of stopping the largest private sector lender from selling any new credit cards and also launching new digital services, because of a series of network outages.
'In the total of black wealth, only 1% or less than 1% constitute cash.' 'So, even if cash is completely weaned out, it impacts only 1% of the black wealth.'
Banks have started refunding borrowers the compound interest charged on specified loan accounts during the moratorium period. Last week, the Reserve Bank of India (RBI) had asked all lending institutions, including non-banking financial companies, to ensure that the scheme of waiver of interest on interest for loans up to Rs 2 crore for the six-month moratorium period is implemented by November 5.
Kerala CM seeks wild card entry for Chitra at Worlds
A summary of sports events and sports persons, who made news on Tuesday
"In the last four years, the government has made serious efforts to provide proper houses to the poor living in shanties."
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The Kerala High Court, had on Friday, directed the central government to ensure participation of Chitra in the World Athletics Championships in London next month.
Zlatan Ibrahimovic has been named Sweden's footballer of the year for the ninth time and although his eighth victory in a row came as no shock, his acceptance speech showing a more sensitive side surprised many.
Despite severe restrictions imposed on the number of bulls, bull-tamers and spectators thanks to the pandemic, Jallikattu organisers are hopeful of the show going on this Pongal.
Here are four ways to keep your credit score in the green
For most part, Indian boxing had lots to celebrate and it started with the season-opening Strandja Memorial, one of Europe's oldest and most competitive tournaments.
The prosecution's pursuit of this tiny detail was because they believed the charge from Google, on Indrani's account, was to restore Sheena's Gmail account, via the Google account recovery toolkit, since Indrani did not have the password.
'Tis the season to be jolly! And to celebrate the festive season, the White House has been decorated for Christmas with care and United States First Lady Melania Trump has unveiled its patriotic theme, which contain nods to the first family's various interests, the US president's love of buildings, her 'Be Best' campaign and Barron Trump's love of soccer. Take a look at the decorations.
Earlier in the morning, race walkers Khushbir Kaur and Manish Singh finished creditable fourth and sixth respectively in the 20km race.
Vikas, who has signed up with the legendary Bob Arum's Top Rank Promotions, made his debut in what was to be a six-round super welterweight contest. The bout, however, lasted just two rounds.
The Hyderabad police has released images of woman who was robbed at an ATM centre in Hyderabad's Yosufguda area.
At ATMs, as a step to avoid getting Rs 2,000 notes, people are withdrawing Rs 1,900 in Rs 100 notes and then putting another request for the balance Rs 600, so that they remain within the limit of Rs 2,500 per day of withdrawal.
A summary of sports events and persons who made news on Monday
Indian tennis ace Somdev Devvarman has been given the top billing in the Singapore ATP Challenger series event starting in Singapore on Monday.
While the auction ahead of the ninth edition, starting in April, was great for Indian players in general, there were a few surprises in store. Rediff.com takes a look at the Indian players who secured themselves the best deals.
A summary of sports events and sports persons, who made news on Saturday
Dealers with turnover of Rs 2 crore and above covered; industry says threshold too low
Modi also asked banks to become socially more responsible
Shortly after taking over as chief minister of Tamil Nadu, Jayalalithaa on Monday implemented her major poll promises of rice to ration card holders and BPL families, gold mangalsutra for girls getting married and carried out a major shake-up in the state police set-up.
A round-up of all the results from the 16th World Athletic Championships in London
Saina Nehwal can heave a sigh of relief after her father Harvir Singh's accreditation issue was resolved
The Commonwealth gold medallist said that women must focus on developing their inner strength.
They would intensify the protest if their concerns are not addressed in the Budget.
Even as you fight the ongoing health challenge, here are some tips to strengthen your personal finance in the time of coronavirus.
Summary of sports events and persons who made news on Monday
Pulbic banks have no reason to cheer Budget announcement.
The International Olympic Committee dashed Russian athletes' hopes of marching behind their national flag at the Winter Games on Sunday, deciding against immediately lifting Russia's Olympic suspension after fresh doping violations
With celebrities and sportspersons being roped in by parties for the upcoming elections, it looks like Rajasthan is back to playing the caste card, reports Shahnawaz Akhtar.
Neymar and Mbappe satins are Paris fashion must-haves.
A summary of sports events and sports persons, who made news on Monday
Amit Panghal (52kg) picked up his second successive gold medal of the year
United States First Lady Melania Trump has officially decked the halls of the White House. This year, the theme is "The Spirit of America." The 2019 decorative approach features glittery patriotism throughout 1600 Pennsylvania Avenue.
'It feels good when you are able to share your experiences and learning with someone who is willing and happy to listen and accept.' 'More than moulding him, I gave with an open heart, and Ahan was very receptive.'
