Shared long-term growth strategy with RBI, waiting for inputs, says HDFC Bank
In the last six months, the bank lost market share in the issuance of incremental credit cards but it managed to hold on to its leading share in spends, Parag Rao, Group Head–Payments, Consumer Finance, Digital Banking & IT, has said
No more power booster! Credit card issuance slows in 2021 as second wave hits lenders, large banks turn cautious
The embargo on new card issuances by market leader HDFC Bank has hit overall growth as has risk aversion by other lenders like SBI Card and Kotak Mahindra Bank.
The most sought after credit cards in 2020-21
RBL Bank Q4 net dives 34% as provisions on credit cards, MFI loans rise
The city-based lender's net profit for FY2020-21 increased marginally to Rs 508 crore from the year-ago's Rs 506 crore.
Annual fee and usage category hold the key to choosing a rewarding travel credit card
Choose a card that offers the most rewards on the travel portal or hotel you frequently use. If the reward points or cashbacks from your usage are lower than the annual fee, you must avoid the card
If you default on one loan, your other borrowings from the same bank too may become NPAs
This is because the Reserve Bank of India rules require banks to follow NPA classification at a borrower level and not at a product level.
RBI’s order is a blip in HDFC bank’s digital journey
Digitisation has enhanced HDFC Bank’s earnings in recent years; regulator’s directive will prompt it to boost customer experience.
Exclusive | Fewer people using credit cards as Covid-19 hurts consumption
Overall, card transactions in 2020 for merchant payments are down 17 percent compared to last year, with credit card swipes falling below those of debit cards, indicating consumers may be conserving their credit lines for emergency use.
Paytm ties up with SBI Card to launch co-branded credit cards
This is the second offering from Paytm's stable after the Paytm First card which was launched in partnership with Citibank.
How Ajay Banga played his cards right at Mastercard
Ajay Banga had his last quarterly earnings call as Mastercard CEO on October 28. When Banga, 60, steps down in January, he leaves a legacy that few of his competitors could emulate.
Exclusive: Ola goes slow in credit-card lane as COVID-19 takes a toll on its core, cab aggregating business
Customer acquisition for Ola Money SBI credit cards has slowed because of the pandemic. But, as market conditions improve, Ola is hoping to make a comeback
For credit card push, banks now turn to startups
Credit cards gain popularity as startups work out innovative solutions with banks to expand the user base. Can new-age private banks corner a larger market share through these partnerships?
CRED’s Kunal Shah: Lessons on managing credit cards during COVID-19 pandemic
The pandemic has brought to light financial anxieties of individuals which are caused by low levels of financial literacy.
Coronavirus pandemic | Demand for credit cards, personal loans to go up, so will stress in these segments: Report
Banks should redesign their mix of secured and unsecured lending to take care of their assets, TransUnion Cibil has said.
Beginning March 16, newly issued debit and credit cards won't allow international or online transactions unless asked for
To improve convenience and security of the credit and debit cards, slew measures had been announced by Reserve Bank of India in its 15th January notification.
SBI Cards IPO – one for the long run
The SBIC primary issue will no doubt sail through given its strong financials and presence in an industry with a strong growth rate
New debit and credit card rules: Only domestic transactions at ATMs & PoS terminals at time of issuance
In case an existing card has never been used online or for contactless transactions, these features stand mandatorily disabled.
Use Diwali bonus to reduce your high-cost EMI burden
A bonus, no doubt, can be spent away. But if used well, it gives you once-a-year option of putting your personal finances back on track
Starting October 1, no discounts on credit card payments at petrol pumps
Earlier, credit card users were able to avail a 0.75 percent discount while buying fuel at petrol pumps.
SBI to sell stake in credit card JV, to raise Rs 6,000 crore: Report
The bank presently holds 74 percent of SBI Cards and hopes to raise Rs 5,000-6,000 crore from a partial stake sale
‘Customers prefer co-branded cards in popular categories such as airline, fuel and retail’
Every credit card may have a different due date and credit limit, so one can leverage it to the maximum. These are choices customers need to make based on their lifestyle and usage.
What is Credit Card billing cycle? How it works, due date and minimum payment
How Credit Card Billing Cycle Works? Get a complete understanding of the billing cycle of your credit card, minimum payments, due date, and late fees, charged by your bank.
Credit Card against Fixed Deposit: SBI, ICICI, Axis, Yes Bank
Credit Card against Fixed Deposit(FD) offer lower interest rate as compared to other credit cards & are issued for those who have a low credit score. Find out the Banks offering Credit cards against Fixed Deposits.
Types of Credit Card available in India
Credit Card Types - Find out the different types of Credit Card options available in India that has various features & benefits to offer based on your needs. Check out the credit card which provides cash back, reward points, discounts, etc.
Viewpoint | Credit access to debit card holders, a potential game-changer for consumer spending
This large untapped segment of potential borrowers has led banks and financial institutions to look for solutions to leverage the debit card penetration in the country.
