HDFC Bank gains 3% as RBI lifts restrictions on new digital initiatives

This moves comes as a positive for HDFC Bank as this will paddle growth opportunities, said brokerage ICICI Securities.

Shares of HDFC Bank rose 3 per cent to Rs 1,436.70 on the BSE in Monday’s intra-day trade as the Reserve Bank of India (RBI) lifted restrictions imposed on the private sector lender regarding its business generating activities planned under the Digital 2.0 programme.

In the past one week, HDFC Bank has outperformed the market by gaining 8 per cent, as compared to a 6 per cent rise in the S&P BSE Sensex. However, in the last six months and during a year, it has underperformed by falling 7 per cent and 8 per cent, respectively. In comparison, the