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<ul><li><keyword id="6357149" type="COMPANY" weightage="20" keywordseo="hdfc-bank">HDFC Bank</keyword>’s customers were reporting unable to conduct transactions using net banking and UPI payments platform.</li><li>The bank has stated that the problem is due to an outage at one of its data centres.</li><li>The Reserve Bank of India (RBI) has asked HDFC Bank to furnish more details about the cause of the outage.</li></ul>Customers of HDFC Bank were reporting problems with their net banking and digital payments. Many were unable to send transactions, others have gone so far as to say that they were unable to withdraw money from ATMs. <div type="image" title="Grids" msid="79344457" hostid="261" caption="&amp;lt;p&amp;gt;HDFC Bank&amp;#39;s services down on BHIM, Google Pay and the bank&amp;#39;s own mobile app&amp;lt;/p&amp;gt;"></div> According to India’s largest private sector lender, there was been an outage at one of its data centres which has left certain services to be unable. HDFC Bank, however, did not divulge the cause of the data center’s downfall — whether it is due to internal or external causes, whether it is a glitch or sabotage. The Reserve Bank of India (<a href="https://economictimes.indiatimes.com/industry/banking/finance/banking/hdfc-bank-outage-rbi-seeks-details/articleshow/79359696.cms">RBI</a>) has asked the bank to furnish more details. <div type="twitter" handle="HDFCBank_Cares" handlename="HDFC Bank Cares" image="http://pbs.twimg.com/profile_images/880333363982159872/lA3myMTv_normal.jpg" favoritecount="0" retweetcount="0" status="@aayushi06 Hi, an unexpected outage at one of our data centres has impacted some of our services. We are working to… https://t.co/HiivPDftD9" createdat="1605979497000" id="1330200538680619008"></div> Complaints first started coming in at around 6:00pm in the evening on Saturday, November 21 and reached their peak at 8:00pm. <div type="image" title="hdfc bank downdetector" msid="79344482" hostid="261" caption="&amp;lt;p&amp;gt;Spike in problems with HDFC Bank over the last 24 hours&amp;lt;/p&amp;gt;"></div> <div type="twitter" handle="suraj64" handlename="suraj jethwa" image="http://pbs.twimg.com/profile_images/918921437183741952/-AVCbeQ7_normal.jpg" favoritecount="0" retweetcount="0" status="From last couple of hours I am not able to withdraw money from any of the ATM, even not able to transfer amount to… https://t.co/ATMTo06V3P" createdat="1605978558000" id="1330196602129174528"></div> <div type="twitter" handle="dirarivazhagan" handlename="Arivazhagan" image="http://pbs.twimg.com/profile_images/1247530095088001035/Ldk-1LdV_normal.jpg" favoritecount="59" retweetcount="1" status="#HDFC Bank down for the past one hour. No services for net banking and atm @HDFC_Bank" createdat="1605972265000" id="1330170206736486409"></div> Services resumed by Sunday morning, November 22. HDFC Bank too issued a statement saying, "The services impacted following the outage have been restored. While you may face intermittent issues as the system stabilizes there is no reason to worry now! Our sincere apologies for the inconvenience caused. Thank you for bearing with us during this period." SEE ALSO: <a href="https://www.businessinsider.in/science/environment/news/mount-everest-home-to-microplastics-and-melting-glaciers/articleshow/79324609.cms">Microplastics found at the highest point on Earth as the glaciers around Mount Everest’s death zone melt</a> <a href="https://www.businessinsider.in/tech/news/mumbais-massive-power-cut-last-month-may-have-been-the-work-of-hackers/articleshow/79318282.cms">Mumbai’s massive power cut last month may have been the work of hackers</a> <a href="https://www.businessinsider.in/finance/banks/news/rbi-panel-proposes-raising-promoter-stake-cap-allowing-nbfcs-to-become-banks-and-large-corporation-can-own-banks/articleshow/79323107.cms">RBI panel proposes recommendations that could redefine private bank ownership</a>

HDFC Bank’s net banking, UPI service and ATMs were down due to a 'data centre outage' but RBI demands more detailed information

<ul><li>HDFC’s net and mobile banking services are down for the second day in a row. </li><li>The bank says it’s a ‘technical glitch’ while the app and website cite ‘heavy traffic’ as the reason. </li><li>Most users are concerned about meeting the deadline for their credit card bill payments, normally due at the beginning of the month. </li></ul>HDFC Bank customers are unable to use net and mobile banking services the second day in a row. India’s fourth-largest bank had assured users that it’s only a ‘technical glitch’ and the system will be back online shortly. But even after 24-hours, their online banking services are still down. <div type="twitter" handle="HDFCBank_Cares" handlename="HDFC Bank Cares" image="http://pbs.twimg.com/profile_images/880333363982159872/lA3myMTv_normal.jpg" favoritecount="168" retweetcount="42" status="Due to a technical glitch, some of our customers have been having trouble logging into our NetBanking and MobileBan… https://t.co/CuK4CfbFDS" createdat="1575290741000" id="1201482566819123200"></div>

 HDFC is the largest private bank in the country and the largest holder of salary accounts in the country. That means everyone trying to pay off their bills monthly bills — especially, credit card bills — with November’s income but can’t. <div type="twitter" handle="Parth_Shahh" handlename="TheLazyAthlete" image="http://pbs.twimg.com/profile_images/1102051573662855170/BsG2Ev44_normal.jpg" favoritecount="0" retweetcount="0" status="What the hell is wrong with the #HDFC NetBanking and App portals? Need to pay my CC bills! Don’t blame me if I’m n… https://t.co/UMTl4e3EWC" createdat="1575358737000" id="1201767763468935168"></div>

 Users are asking if HDFC will cover the penalty for late payment its credit card bills since its own ‘glitch’ that is causing the delay. <div type="twitter" handle="TheMarathe" handlename="Krishna Marathe 🌈" image="http://pbs.twimg.com/profile_images/1166061481223315456/k0ntZGp0_normal.jpg" favoritecount="0" retweetcount="0" status="⁦@HDFCBank_Cares⁩ since your net banking services are STILL down, I need not fret about late fee for my credit card… https://t.co/l029crmQPO" createdat="1575350445000" id="1201732984623095808"></div>

 If users try to log in via net banking, they get a message that reads, “Dear user, the NetBanking system is busy processing heavy load from currently logged in customers, request to try after some time.” And if they go to the mobile app, the notification reads, “We are experiencing some heavy traffic, please try again after some time. Apologies for the inconvenience.” Reports of the outage started coming in on Monday morning and peaked in the evening at around 5 pm, according to <a href="https://downdetector.in/status/hdfc-bank/">Downdetector</a> — most of them from metropolitan cities like Delhi, Mumbai, Bengaluru, Kolkata, and Surat. As of Tuesday afternoon, HDFC’s services still aren’t functioning. The bank is yet to issue a deadline on when users can hope to see a resolution. See also: <a href="https://www.businessinsider.in/careers/news/sbi-kotak-mahindra-and-axis-bank-are-going-digital-hiring-for-ai-analytics-and-other-tech-profiles/articleshow/72342982.cms">SBI, Kotak Mahindra and Axis Bank are going digital — hiring for AI, analytics and other tech profiles</a> <a href="https://www.businessinsider.in/india/news/slowdown-or-not-these-indias-banks-and-shadow-banks-are-in-trouble/articleshow/71934562.cms">Slowdown or not, these India’s banks and shadow banks are in trouble</a> <a href="https://www.businessinsider.in/policy/news/rbi-revises-guidelines-on-how-much-to-pay-a-bank-ceo-in-india/articleshow/71896883.cms">RBI revises guidelines on how much to pay a private bank CEO and executives in India— including foreign banks</a>

Angry customers want HDFC Bank to cover late payment charges after mobile and net banking remain down for a second day in a row

Mumbai, Jan 9 () With an aim to grow institutional business, India's largest private sector lender HDFC Bank on Thursday launched a value-added service for religious bodies, societies, clubs and cities.
 The institutions will get a customised mobile application powered by the lender through which users will be able to pay donations, settle utility bills and make other payments.
 The bank said there are over 30 lakh institutions, which is an addressable opportunity.
 It can be noted that banks target any business opportunity that gives them what is termed as the 'float business', by giving them access to large amount of low-cost funds through a single tie-up like a corporate salary account relationship.
 The institutions will be having either a savings, current or escrow account with the bank.
 HDFC Bank Country Head (Government and Institutional Business) Smita Bhagat said it will give access to transaction fees also and added that through this, it is looking to grow its share in the institutional business. 
 She said institutions will be on-board within four weeks, and will have to pay for the app customisation, for hosting charges and also an annual maintenance fees.
 The end users who download the app to transact will not have to pay any extra charges, she said.
 The bank already serves many of those it is targeting under the new business and it was feedback from them which set it off working on the service a few months ago.
 Bhagat did not spell out the bank's targets and also exuded confidence that recent events around difficulties in accessing the accounts online faced by users will not hurt it. 
 Allaying concerns on privacy, she made it clear that HDFC Bank will not have any access to data or the users in the app, which will carry the individual institution's name. AA HRS

HDFC Bank launches service for religious bodies, societies and clubs

<ul><li>On March 13th, a surge in the <keyword id="6359580" type="UNKNOWN" weightage="20" keywordseo="Share-Price">share price</keyword> of <keyword id="6357149" type="COMPANY" weightage="20" keywordseo="hdfc-bank">HDFC Bank</keyword> drove the lender past a <keyword id="6463972" type="UNKNOWN" weightage="20" keywordseo="market-value">market value</keyword> of ₹6 trillion. </li><li>HDFC Bank has been on a remarkable run as of late. The shares of the bank have risen in each of the last five trading sessions, capping a 6% jump to a record high of ₹2,227.40. </li><li>At a time when the Indian <keyword id="6354778" type="ORGANIZATION" weightage="20" keywordseo="Banking">banking</keyword> sector has seen profits shrink amid higher provisions for bad loans, HDFC has consistently recorded a 20% growth in profits for the last couple of years. </li></ul>On March 13th, a surge in the share price of HDFC Bank drove the lender past <a href="https://www.google.com/search?rlz=1C1GCEU_enIN820IN820&amp;biw=1366&amp;bih=625&amp;ei=Z8WIXMb9EMTQvgShp6KABg&amp;q=hdfc+bank+share+price&amp;oq=hdfc+bank+share+price&amp;gs_l=psy-ab.3..0i131j0l9.64.1619..1714...0.0..0.155.1572.0j11......0....1..gws-wiz.......0i71j0i67.YCB4Bu0F1RA">a market value of ₹6 trillion</a> - making it only the third Indian company to do so after Mukesh Ambani’s <keyword id="6355199" type="COMPANY" weightage="20" keywordseo="reliance-industries">Reliance Industries</keyword> and Tata Consultancy Services, which crossed the mark <a href="https://www.newsbytesapp.com/timeline/Business/12311/64525/reliance-industries-market-cap-touches-rs-6-trillion">in October 2017</a> and <a href="https://www.moneycontrol.com/news/business/tata-consultancy-services-regains-most-valued-firm-crown-with-rs-6-lakh-cr-m-cap-2548069.html">April 2018</a>, respectively. HDFC Bank has been on a remarkable run as of late. The shares of the bank have risen in each of the last <a href="https://www.google.com/search?rlz=1C1GCEU_enIN820IN820&amp;biw=1366&amp;bih=625&amp;ei=Z8WIXMb9EMTQvgShp6KABg&amp;q=hdfc+bank+share+price&amp;oq=hdfc+bank+share+price&amp;gs_l=psy-ab.3..0i131j0l9.64.1619..1714...0.0..0.155.1572.0j11......0....1..gws-wiz.......0i71j0i67.YCB4Bu0F1RA">five trading sessions</a>, capping a 6% jump to a record high of ₹2,227.40. Concurrently, the Nifty Bank Index hit <a href="https://www.google.com/search?q=Bank+Nifty+index&amp;rlz=1C1GCEU_enIN820IN820&amp;oq=Bank+Nifty%C2%A0index&amp;aqs=chrome..69i57&amp;sourceid=chrome&amp;ie=UTF-8">an all-time high </a>of nearly 29,000 points this morning. The increased enthusiasm for HDFC Bank’s shares follows an announcement that the bank will meet on <a href="https://www.thehindubusinessline.com/companies/announcements/results/hdfc-bank-ltd-board-meeting-intimation-for-financial-results-for-quarter-and-year-ending-31st-march-2019-and-recommendation-of-dividend-if-any/article26511006.ece">April 20th </a>to review its results for the 2018-19 fiscal year. The bank started as housing finance company in 1977, before commencing operations as a scheduled commercial bank in 1995 as part of the RBI’s drive to liberalise India’s banking sector. In the last one year, HDFC Bank’s shares have risen by 19%. At a time when the Indian banking sector has seen profits shrink amid higher provisions for bad loans, HDFC has consistently recorded a 20% growth in profits for <a href="https://economictimes.indiatimes.com/hdfc-bank-ltd/yearly/companyid-9195.cms">the last couple of years</a>. The bank posted <a href="https://www.hdfcbank.com/htdocs/common/pdf/corporate/Financial-Results-for-Quarter-and-Nine-months-ended-December-30-2018.pdf">a solid earnings report</a> for the quarter ended December, with a 20% growth in profits as well and a bad loan ratio of less than 1.5%. In February, CLSA, a global brokerage, listed the bank as one of its best bets in India’s banking sector, citing its<a href="https://www.moneycontrol.com/news/business/markets/clsa-bullish-on-hdfc-hdfc-bank-expects-25-30-upside-going-ahead-3577771.html"> healthy growth and increasing market share</a>. The lender seems set to be the highest-valued bank in India for a long while. The second-largest bank by market cap is ICICI, which has a market value of <a href="https://www.google.com/search?rlz=1C1GCEU_enIN820IN820&amp;ei=iNCIXLLeLMS_8QOFhJaoAg&amp;q=ICICI+bank+share+price&amp;oq=ICICI+bank+share+price&amp;gs_l=psy-ab.3..0i7i131i30j0l9.14972.15642..16038...0.0..0.147.698.0j5......0....1..gws-wiz.......0i71j0i7i30.10-S3K80BW4">₹2.52 trillion</a>. HDFC Bank still has miles to go, however, if it wants to catch up with Reliance Industries, which has a market value of <a href="https://www.google.com/search?rlz=1C1GCEU_enIN820IN820&amp;ei=r8SIXIyFKIn4vgSSgomACw&amp;q=reliance+share+price&amp;oq=reliance+share+price&amp;gs_l=psy-ab.3..0i131i67j0i7i30l9.4755.5611..5801...0.0..0.148.1122.0j8......0....1..gws-wiz.......0i71.8NcVOVptXpY">₹8.52 trillion</a>, and TCS, with <a href="https://www.google.com/search?q=tcs+share+price&amp;rlz=1C1GCEU_enIN820IN820&amp;oq=tCS+sha&amp;aqs=chrome.0.69i59j0j69i57j0l3.2779j0j7&amp;sourceid=chrome&amp;ie=UTF-8">₹7.49 trillion</a>. In July 2018, Reliance Industries overtook TCS to become <a href="https://www.businessinsider.in/reliance-industries-just-beat-tata-consultancy-services-to-become-indias-highest-valued-company/articleshow/65212268.cms">India’s most valuable company</a>, with a market cap of ₹7.46 trillion compared to the latter’s ₹7.39 trillion. At the time, HDFC Bank had a market value of ₹5.74 trillion. SEE ALSO: <a href="https://www.businessinsider.in/reliance-industries-just-beat-tata-consultancy-services-to-become-indias-highest-valued-company/articleshow/65212268.cms">Reliance Industries just beat Tata Consultancy Services to become India’s highest-valued company</a>

You Searched For "HDFC Bank services" and got 4 results

HDFC Bank’s net banking, UPI service and ATMs were down due to a 'data centre outage' but RBI demands more detailed information

Prabhjote Gill

Angry customers want HDFC Bank to cover late payment charges after mobile and net banking remain down for a second day in a row

Prabhjote Gill

HDFC Bank launches service for religious bodies, societies and clubs

PTI

HDFC just became the third Indian company after Reliance and TCS to achieve a market value of more than ₹6 trillion

Dilsher Dhillon

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