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2 mins read
Credit card growth experiencing a slowdown, as borrowers struggle to pay back loans
Growth in credit card spending across the system has dropped to about 13% year-on-year (y-o-y) in A…
2 mins read
RBI directs card issuers to offer choice among card networks, bans restrictive agreements
According to a press release, the central bank prohibited card issuers from entering into agreement…
ANI
6 mins read
Is the lending party over? The dangerous tango of Indian banks with microfinance and unsecured loans
India's microfinance and unsecured loan sector is facing a crisis with rising NPAs that threaten ov…
1 min read
RBI asks card network to restrain unauthorised commercial payment system
The Reserve Bank of India on Thursday restrained a card network, that had an arrangement to enable …
ANI
3 mins read
Credit card portability explained: From what are the benefits to what it entails
A card network is a financial infrastructure that enables transactions and communication between me…
2 mins read
RBI action on Kotak Mahindra Bank may restrain credit growth, profitability: S&P
Credit cards are a higher-yielding target growth segment for Kotak Mahindra Bank. This portfoli…
PTI
2 mins read
RBI allows banks to issue RuPay prepaid forex cards
By promoting electronic payments, RuPay aligns with the Reserve Bank of India's goal of fostering a…
1 min read
RBI removes ban on Diners Club International while restriction on Mastercard, American Express continues
The Reserve Bank of India (RBI) has lifted a ban on payment system operator Diners Club Internation…
2 mins read
Paytm app will continue to work beyond Feb 29 as usual: CEO Vijay Shekhar Sharma
Digital payments and services app Paytm is working and will continue to work as usual even after Fe…
PTI
3 mins read
HDFC Bank remains the market leader despite an eight-month ban on selling new credit cards
The Reserve Bank of India (RBI) has partially lifted its technology ban on the leading private sect…
4 mins read
Indian banking will maintain its growth momentum: South Indian Bank MD & CEO
Growth in credit, mergers and acquisitions, digital initiatives by the Reserve Bank of India (RBI),…
3 mins read
RBI is encouraging cardholders to tokenize their cards: Here’s all you need to know about it
When you buy something online, you share your credit card or debit card information with the e-comm…
4 mins read
Legal experts say the TikTok divest-or-ban bill could stand up in court despite being a free-speech disaster
TikTok has a strong First-Amendment argument to challenge Congress' divest-or-ban bill. It may stil…
Dan Whateley
4 mins read
Centralised portal to search unclaimed deposits, UPI for credit lines and other key RBI announcements
UPI network to facilitate payments financed by credit from banks, reducing the cost of such offerin…
1 min read
RBI lifts ban on Bandhan Bank network expansion
"We would like to inform that the Reserve Bank of India vide its letter dated February 25, 2020 ha…
PTI
4 mins read
Indian markets open flat ahead of RBI policy outcome – Vedanta, HDFC AMC, Bikaji Foods among stocks to watch out for
Indian benchmark indices Sensex and Nifty50 opened flat on Wednesday ahead of the RBI monetary poli…
1 min read
RBI bars Mastercard from issuing new cards from July 22
The RBI, however, clarified that its supervisory action will not impact the services of the …
PTI
3 mins read
Digital payments are on track to cross the 200 billion mark, but fintechs are yet to ‘earn’ from them
Digital payments transactions in India are expected to cross the 200 million mark in the next three…
2 mins read
RBI hikes limit for contactless card payments from ₹2,000 to ₹5,000
The Reserve Bank of India has hiked the limit for contactless payments from ₹2,000 to ₹5,000, makin…
2 mins read
Sensex, Nifty50 open weak tracking global markets -- SBI, Vodafone Idea, Uniparts India among stocks to watch out for
Sensex and Nifty50 opened lower on Monday following weak global markets and ahead of November’s ret…