The Reserve Bank of India (RBI) has designated an external expert IT firm to do a special audit of HDFC bank’s IT infra. The cost for a which will be borne by HDFC Bank itself.
This advancement came after episodes of outages in moneylender’s net/mobile/payment banking facilities were seen by the national bank.
The notice was issued on December 2, 2020, by RBI to HDFC Bank Limited. The notice was ent in consideration to a period of last 2 years. RBI said, As an update to this Intimation, RBI has appointed an external professional IT firm for carrying out a special audit of the entire IT infrastructure of the bank under Section 30 (1-B) of the Banking Regulation Act, 1949 at the cost of the bank under Section 30 (1-C) of the Act.”
HDFC Bank said it will cooperate with the external IT firm appointed by RBI.
