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RBI issues fresh guidelines for credit card operations
Published on Thu, Jul 24 at 16:17 , Updated at Thu, Jul 24 at 16:45
Source : CNBC-TV18
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It has also asked banks to prescribe ceiling on small advances. The RBI has said banks are liable to pay penalty and reverse charges for misuse of unsolicited cards. A credit card holder will not be responsible for misuse of card by others.
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