Week started off with the shocking robbery at Bank of Baroda, government charting out reform banks, SBI reducing employee base and ending with the big bank announcement of Moody’s upgrading India, SBI and HDFC Bank
About 57 percent urban Indian consumers surveyed use credit cards more than they used a year ago and 19 percent consumers are likely to apply for a credit card in future.
IndusInd Bank on Monday said it has entered into an exclusivity agreement with Bharat Financial to evaluate possibility of a strategic deal between them.
Customers can avail a new home loan or transfer their existing home loan from September 1 – November 30.
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Uber would be the first of the riding-sharing companies to have a co-branded credit card, which are a popular way for companies to cement customer loyalty. They typically give points or credits toward awards, with the most popular cards offering airlines and hotels.
The following articles talks about how credit cards have become an integral part of our lives and things to do before availing a personal loan for credit card debt repayment
In an uncertain world, you may meet with sudden emergencies where you need money
Uber has acknowledged the software, known as "Greyball," helped it identify and circumvent government officials who were trying to clamp down on Uber in areas where its service had not yet been approved, such as Portland, Oregon.
SBI's board has given approval to infuse Rs 1,160 crore in the two JVs -- SBI Cards and Payment Services Pvt Ltd (SBICPSL) and GE Capital Business Processes Management Services Ltd (GECBPMSL)-- through purchase of equity shares from GE Capital so as to increase the bank's stake in both the companies to 74 per cent, SBI said in a filing to the BSE.
In a u-turn to Thursday‘s decision, e-wallet company Paytm rolled back its 2 percent charge on credit card transactions used for recharging the wallet.
We bring you a quick video to take you through the reasoning behind this move.
The demonetisation demon has come to haunt banks as their meal ticket retail loans have taken a hit by slower growth during the three months starting November.
JPMorgan Chase & Co, the biggest U.S. bank by assets, said it expected 2017 expenses to rise about 3.4 percent as it spends more on technology and in signing up new credit card accounts.
Bad credit scores can often be the reason why a bank will reject your loan application. CreditSeva is among the startups trying to remedy this problem.
"The recommendations of the committee (on digital payments, headed by Andhra Pradesh Chief Minister N. Chandrababu Naidu) will be carefully examined and appropriate decisions will be taken in due course," the ministry said.
State-owned oil firms, that are bearing the discount cost of 0.75 percent for cashless payments announced by the government in the wake of demonetisation, may urge the government to compensate for their losses.
The deal, worth USD 2.4 billion or 2.3 billion euros, will bolster the group's position in Britain's prime credit card market, Lloyds Banking Group (LBG) said in a statement detailing its first purchase since 2008.
Due to shortage of cash supply post demonetisation, most companies have been offering different cashless payment solutions to attract customers.
To tap opportunities arising out of limited cash supply, SBI Cards will soon launch a credit card with a cap of Rs 25,000 for those at the lower strata of the society, who have the capacity to pay but don't have cards, a top company official said.
BJP in the union territory today asked the Puducherry government to order all private educational institutions to ensure that they collect fees from parents through cashless transaction by adopting swiping machines.
The government has decided to "exempt services by an acquiring bank to any person in relation to settlement of an amount up to Rs 2,000 in a single transaction transacted trough credit, debit card or other payment card service", sources said.
RuPay card usage jumped by over 118.6 per cent in the week following demonetisation that took effect from November 8 mid-night while the overall debit and credit card transactions recorded an increase of 70.5 per cent.
Sources tell CNBC-TV18 that advertising revenue worth Rs 2,000 crore may be lost on an industry-wide basis. Ad spends on TV was the most hit, while digital platforms proved to be more resilient.
Eric Vas, President of Motorcycle Business at Bajaj Auto, said that post demonetisation there has been a significant decline in the sales of 2-wheelers. It was 50 percent in rural India and 25 percent in urban areas.