HDFC Bank faces intermittent glitches again; says ‘looking’ into issue

After some HDFC Financial institution clients complained by way of social media that they have been unable to entry financial institution accounts, the financial institution has stated it’s trying into the difficulty. “A few of our clients are going through intermittent points whereas accessing web banking or cell banking app. We’re trying into it on precedence for decision. We apologise for the inconvenience and request you to strive once more after a while,” the financial institution tweeted at this time.

Prospects rued on social media that they weren’t capable of entry their financial institution accounts. “I am unable to entry my account pls advise,” tweeted a buyer named Amit Bansal (@amit_bansal7).

One other consumer, Manu Singh (@ManuSingh611), stated he was additionally going through concern in cell banking. “Kindly do the needful, why you might be giving @RBI one other likelihood take motion. Is the administration critical or busy in calculating their incentives,” he tweeted.

HDFC Financial institution, which is India’s largest financial institution by way of m-cap, is embroiled in controversy over intermittent outages and technical glitches in its cell app and web banking platform, which has again and again brought on inconvenience to its clients.

The problem grew to become so large that the Reserve Financial institution of India (RBI) needed to step in and direct the financial institution to cease all launches of digital enterprise producing actions deliberate beneath its program Digital on December three, 2020.

Additionally learn: HDFC Bank ‘on war footing’ to curb outages after RBI bans digital launches

The RBI stated the financial institution’s board ought to study lapses and repair accountability, and requested them to give you an answer to repair the issue. The apex financial institution additionally appointed an IT agency for finishing up a particular audit of the complete IT infrastructure of HDFC Financial institution.

Earlier than the RBI tightened the noose across the main financial institution, HDFC Financial institution was engaged on many new applied sciences like robotic course of automation (RPA), machine studying (ML), synthetic intelligence (AI), Blockchain and the usage of cloud know-how to take banking to the subsequent degree.

HDFC Financial institution was additionally barred from issuing any new bank cards on December 12 after a collection of technical glitches.

Additionally learn: RBI tells HDFC Bank board to fix ‘accountability’, examine lapses

In the meantime, HDFC Financial institution has lately submitted a plan to cease repeated glitches in its know-how platform. This contains each brief and long-term options, which can take as much as three months to implement.

Apologising to clients for disruptions, HDFC Financial institution new CEO Sashidhar Jagdishan in January had stated the financial institution was engaged on battle footing to strengthen its programs.

In the meantime, the share of HDFC Financial institution was buying and selling up three.33 per cent or Rs 49.70 at Rs 1,541 on the NSE at this time.

Additionally learn: RBI appoints tech firm to carry out IT infra audit of HDFC Bank

ALSO READ: 5 big challenges for new HDFC Bank CEO Sashidhar Jagdishan

Source link

Leave a Comment