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HDFC Bank's problems may be linked to growing too fast

Reuters

Experts say may be its time for the regulator to frame a clear policy of disaster recovery (DR) for banks.

Synopsis

HDFC Bank is the largest credit card issuer with 1.49 crore cards is use according to RBI data. It is also one of the largest banks with regards to UPI transactions with 179.5 million transactions processed through its system in October.

MUMBAI: HDFC Bank's third technology outage in as many years is a consequence of its system not keeping pace with the bank's strong growth in the last few years, experts said. The latest incident in November was caused by a power failure that was not rectified by back ups in time, bank executives said.However, the Reserve Bank of India's (RBI) tough stance on the bank is an indication of the central bank's iritation with repeated outages in the

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