Private sector lender HDFC Bank on Thursday said the Reserve Bank of India (RBI) had asked it to temporarily halt all launches of its upcoming digital business-generating activities and sourcing of new credit card customers, PTI reported. The order was issued due to incidents of outages in the internet banking, mobile banking and payment utilities of the bank over the past two years, the bank said in a regulatory filing.

“RBI has issued an order dated December 2, 2020, to HDFC Bank Ltd with regard to certain incidents of outages in the internet banking/ mobile banking/ payment utilities of the bank over the past two years, including the recent outages in the bank’s internet banking and payment system on November 21, 2020, due to a power failure in the primary data centre,” PTI quoted the HDFC bank’s regulatory filing.

The central bank has asked HDFC to stop all launches of the digital business-generating activities planned under its program Digital 2.0 and other proposed business generating IT applications and sourcing of new credit card customers,” the filing further read.

In addition, the order has directed the bank board to examine the lapses and fixes accountability, HDFC Bank added.

The lender said the above measures shall be considered for lifting upon satisfactory compliance with the major critical observations as identified by the RBI. HDFC Bank said “over the last two years, it has taken several measures to fortify its IT systems and will continue to work swiftly to close out the balance and would continue to engage with the regulator in this regard.

“The bank has been taking conscious, concrete steps to remedy the recent outages on its digital banking channels and assures its customers that it expects the current supervisory actions will have no impact on its existing credit cards, digital banking channels and existing operations. The bank believes that these measures will not materially impact its overall business,” it added.