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November 20, 2008
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HDFC Bank Customers Left in Lurch
By Tabrez Khan
Mumbai, Sep 02, 2008 1525 hrs IST

Lakhs of HDFC customers pan India including retail and enterprise customers of the bank could not carry out transactions, or operate ATMs due to a technical snag most part today.

The technical snag that started wee hours today was not rectified till 3.15 pm, as CXOtoday published the story.

"HDFC Bank's IT systems have been down since 4 am. I have been trying to withdraw cash and have had a hard time as the system is down, reportedly for maintenance purposes," said T. K, an account holder at HDFC.


The bank's netbanking interface was also down, so the Internet banking facility could also not be used, he said.

The bank posted a message on its website informing people about system inoperation between 4 am and 10.30 am. The website later reported that the system will continue to be unavailable till 2 pm. The bank subsequently extended this to 7 pm.

Neeraj Jha, corporate communications, HDFC Bank said, "We agree it is causing inconvenience to customers. We are working on it and expect the systems to be up by 3.00 pm."

Generally, banks including HDFC carry on maintenance work during the night so that customers do not face any inconvenience.

"It's not really maintenance, it's a technical snag actually. It's just a case of wrong wording," said he. (Updated at 6.03 pm)

On being asked about the nature of the technical snag, Jha refused to comment.

HDFC's head of technology, Anil Jaggia was also unavailable for comment.

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Comments
Report as offensive
hdfc bank does not care/respond to public/staff grievance.perahps it is above the law.no officer is ready to forward my letter to cmd ,nor ready to reply in rti act
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madhavi gupta VISWAS FUTURE T shivpuri
Sep 04, 2008 08:28 PM
Reply
Report as offensive
HDFC was late in delivering essential financial services to it's clints because of it's Technology Snag. Why it should not be levied ''Late Payment'' Charges and their issue handed over to ''Goons" for effecting deliveries.
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Anthony Samual Citi Commercial Mumbai
Sep 03, 2008 07:39 PM
Reply
Report as offensive
Wake up higher officials There is no responsible officer in HDFC.I got my HDFC card cancelled as Courier comp. took 8 days for new card delivery , insted of checking with Courier company what they were doing (Prob. Cloning) with the new card . HDFC replied in most unresponsible manner.
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Vikram Living media Delhi
Sep 03, 2008 12:07 PM
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I can understand the IT complexities but then what is the use of BCP setups. What if any natural calamity strikes the core Data centers and not possible to recover for a week so? I think somewhere some mandate should be there from RBI / Governing bodies to such downtimes and the respective financial organizations should be penalised accordingly.
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annonymous annonymous annonymous
Sep 03, 2008 11:41 AM
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hdfc bank has no resposible officer,i mailed several complaints,even asked to pass my message to hon cmd.but allinvain.they tortured and insulted for lowest job of sales exe .i asked for my appoinment letter even under rti act.perhaps these officers are above the law
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madhi gupta VISWAS FUTURE T SHIVPURI
Sep 03, 2008 08:45 AM
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Mr. Anil Jaggia, HDFC--Head Technology feels it more convenient for him to make himself unavailable for comments when his Bank's Computer go heywire....... A mouse always is the first to run away when the ship is sinking.
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Sumant Kapoor Maxamec. New Delhi
Sep 03, 2008 08:25 AM
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i have bussines lone
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sunny kumar kalindi compute begusarai
Sep 03, 2008 02:12 AM
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It should be a good reference for the banking regulators to define standards for system risk management and technical snag reporting. Japan could be a good case study, where FSA, the central financial regulatory authority has set a strict rule for reporting and explaining all technical glitches for any financial organization as IT is a major part of operational risk for not only a single bank, but to the market and comunity. This was done after a series of major banks and brokerage company experienced major 'Technical Snag', which in one case impacted financial market (by sending a wrong trade to the Stock Exchange). It would be beneficial for the financial market and the customers in general if the Indian Regualtors start putting some guideline for transparency and liability for the banks in handling technical problem,specially which are impacting to customers.
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From Tokyo a Major Bank in Tokyo
Sep 02, 2008 11:24 PM
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Report as offensive
It is not only with HDFC. All Banks will have some sort of these kinds of issues. What is important is that whether these Banks takes care of the internal systems. Lot are advertised but in reality many Banks I found lagging in IT security and customer support Most of the Banking operations are now handled by BPOS. Are these BPOS equipped??? DO they understand customer support and urgency and risk management??
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Hari Anonymous -
Sep 02, 2008 08:39 PM
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good story...who wrote that???
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Dinesh Unnikris PTI Mumbai
Sep 02, 2008 06:47 PM
Reply
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Look Guys, It is technology and there is always a chance of any kind of failure when technology of such large magnitude is involved. I had a word with one of the Tech guys of the bank - everything is expected to be fine by tonight. So don't worry :)
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Gaurav Anonymous mumbai
Sep 02, 2008 04:43 PM
Reply
Report as offensive
The HDFC Bank netbanking site is still down as of 1630 hrs. Their notice has extended the down time to 1900 hrs. I can bet this will extend to tomorrow morning. I can't believe they have no failover process or standby system. I just hope my money is still there in my account tomorrow.
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Anonymous Anonymous M
Sep 02, 2008 04:23 PM
Reply

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