HDFC Bank share price: Jefferies raises price target to Rs 1860 from Rs 1800
RBI is still reviewing HDFC Bank's digital platforms and as per management, the focus is not only on managing flow of transactions, but also on building a globally comparable platform. Also, recent reports of temporary overhang of its system is a bit concerning. Jefferies believes that the complexity of payment systems has increased over the past 5 yrs as this combines a multitude of analytical platforms that require much stronger back-end
HDFC Bank has launched multiple apps that cater to different segments such as Payzappp for payments/ shopping and Smartbuy for channeling ecommerce traffic: Reuters