As at the end of April, HDFC Bank has the largest number of credit cards in the industry at 87 lakh followed by SBI at 46.8 lakh and ICICI Bank at 42.8 lakh cards.
The unsecured retail segment in the form of personal loans and credit card loans have help banks provide a breather in the credit growth, which is struggling at multi-year lows of around 5 percent for the banking sector.
As India undergoes the big digital payment change, CNBC-TV18 thought of getting you some clarity and perspective on the transaction charges you pay from the country's largest bank as well as one of the biggest global payments giants.
Mobile wallets and biometric modes of payments will replace debit and credit cards in the next three to four years, NITI Aayog CEO Amitabh Kant said today.
About 20-35 percent of the near 40,000 consumers of Cibil have paid off any balance dues after checking their score.
The Alibaba-backed company had introduced the fee on March 8 after it found multiple users using its platform to get free credit by using credit cards to top up their mobile wallets and then transferring the money back to their bank accounts at zero transaction cost.
Digital wallet company Paytm will now levy a 2 percent charge for adding money into the wallet using credit cards. No charges will be applicable on money transferred using debit cards or net banking.
From applying for the loan to submitting documents and getting it sanctioned, personal loans are just a few clicks away.
Soon paying for your cinema ticket or buying prescription pills over the counter will become easier and less time conusming. In a move to make retail payments seamless, the RBI today introduced BharatQR or quick response platform.
Mid-sized private sector lender Indusind Bank is keen on acquiring new credit card customers following cashless payments thrust, but will not grow the unsecured book over 5 per cent, a senior official has said.
Chief Executive Officer of NITI Aayog Amitabh Kant has said that by the year 2020, debit cards, credit cards and ATM cards will be redundant in the country given the fact that the government is pushing for digital payments.
Not that you should hurt your credibility and become a bad paymaster and do not care for your score, but in reality, the credit score is only an indicator and not the deciding factor.
It is better to know about credit score in detail before applying for a loan or a credit card.
An important advantage of a pre-approved loan is that you know your spending limit. It also helps in striking a better deal with the developer.
Taking right steps in the early life makes it easy to create wealth. Avoid mistakes and live a disciplined life and you are almost there.
Petroleum dealers in Tamil Nadu today announced they will not accept plastic money starting tomorrow in protest against a one per cent levy plus taxes on all transactions made through debit and credit cards, prompting harried consumers rush to fuel outlets.
Pre-approved loan offers have their benefits such as swift approval in case you are in need of funds, but one should exercise caution while availing them.
Here are eight tips that can make your holidays cheaper and memorable.
Education loan and home loan come with income tax benefit. Here are the rules that govern the tax benefits.
A few right steps can help you appear creditworthy in the eyes of bank.
Though two factor authentication is cancelled for small transactions, debit card payments are as safe as they were. Here are some tips to ensure safety of your transactions.
Assuming that by now you must have already prepared a holiday list, here are a few ways you can explore to exchange meaningful gifts while cutting cost.
The debit and credit cards transactions at PoSes were worth Rs 352.4 billion in value terms in November and Rs 181.3 billion till December 13, compared to Rs 511.2 billion in October.
The Merchant Discount Rates (MDR) charges will be absorbed by the government for debit card payments up to Rs 1 lakh for tax, non-tax and other payments to the central government.