HDFC Bank to set up ‘digital and enterprise factories’ to curb outages

Mumbai: HDFC Bank NSE 0.22 % Ltd. will set up digital and enterprise units to strengthen its online infrastructure and handle a larger volume of transactions after customers faced repeated outages.

It plans to hire 500 people from diverse backgrounds—from data analytics and cloud computing to artificial intelligence (AI) and machine learning—for the “digital and enterprise factories”, according to a statement.

The move is part of its technology transformation agenda.