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HDFC Bank rises after RBI lifts restrictions on new credit cards

14 Mar 2022 , 09:53 AM

On 11 March 2022, the RBI had lifted the restrictions on the business generating activities planned under the banks Digital 2.0 program.

The private sector banks net profit rose 18.08% to Rs 10,342.20 crore on 8.33% increase in total income to Rs 40,651.60 crore in Q3 December 2021 over Q3 December 2020.

HDFC Bank is one of Indias leading private bank. As of 31 December 2021, HDFC Banks distribution network was at 5,779 branches and 17,238 ATMs/ cash deposit & withdrawal machines (CDMs) across 2,956 cities/ towns as against 5,485 branches and 15,541 ATMs/ CDMs across 2,866 cities/towns.

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