'Banks need to invest more in IT, tech' Says Shaktikanta Das

MUMBAI: A day after the Reserve Bank of India (RBI) asked the HDFC Bank to temporarily stop issuing new credit cards and launching new digital businesses activities, RBI Governor Shaktikanta Das has said that all banks and other financial institutions should invest more on their IT systems and technology to avert such inconvenience for the customers and build trust towards digital payments. "We cannot put lakhs and thousands of customers who are using digital banking into any kind of difficulty for hours together especially when we are ourselves giving so much of emphasis on digital banking," Das said during a virtual press conference after the monetary policy meet. (IANS)

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