HDFC Bank Below 2121 Only Sell, Any Rise Sell Sell Target 2092—2084

HDFC Bank Below 2121 Only Sell, Any Rise Sell Sell Target 2092—2084

The bank will specifically communicate this to the customers latest by Tuesday morning. Country’s second largest private bank by assets, HDFC Bank clarified there has been no data breach, loss of customer data or security issues with the bank’s mobile and net banking applications.

“All the customers’ data and money remain safe. We understand it is our fault and can be an embarrassment and a prestige issue for the bank. But our technical team is on it, trying to resolve the inconvenience as soon as possible.

In the interim, the old app will be made available and once the new app is fully ready, we will make it available,” a spokesperson from the bank said.

HDFC Bank has about 4.3 crore customers and about 1.5 percent or about 6.5 lakh customers were left stranded and could not use any of the mobile banking app services.

According to the bank’s investor presentation from 2018, nearly 85 percent of the bank’s customers use its net banking and mobile app services.

The bank, through its Twitter handle, had on November 29 issued a statement saying users, who moved to the app’s new version and deleted the old one, will not be able to use mobile banking till further notice. It has not revealed the reason why the mobile app malfunctioned.

After the issue occurred, HDFC Bank’s customers started complaining about the malfunction in the updated mobile app, launched last week. On December 1, the app was taken off Google’s Play Store and Apple’s iOS Store.

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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