The Reserve Bank of India (RBI) announced new rules for credit cards, applicable from July 1. "These directions cover the general and conduct regulations relating to credit, debit and co-branded cards which shall be read along with prudential, payment and technology & cyber security related directions applicable to credit, debit and co-branded cards, as issued by the Reserve Bank," the circular by RBI said. Business Standard culled out key rules from the list, and asked financial experts for advice on them, along with the thumb rules one needs to follow while using credit cards.
Some developers point out that what comes in the way of low-cost housing is the sky-high price of land
Unified Payments Interface launched to simplify mobile banking.
Vivek Gambhir revels in his two-city life between the Godrej-owned flagship in Mumbai and his own family in New Delhi.
After initial success, data use is stagnating and getting consumers to spend additional money for high-speed internet is proving to be difficult for telcos.
EazyDiner will be a restaurant reservation platform offering reviews, reservations, deals and a concierge services
Move comes as huge provisions for bad loans push loss to Rs 4,488 crore.
CEOs of leading banks say third straight rate hike by RBI inevitable, though not desirable.
Indian cricket, it seems, pays overwhelming obeisance to a vapid, old adage: The more it changes, the more it remains the same.
Loan rates will change at the next reset, while deposit rates will continue till maturity.
The latest results suggest Tata Steel Europe may have lost pricing power, though production and turnover are up.
'The ability to tailor schemes to market conditions and invest in unlisted equity and real estate, as well as commodities, makes Alternative Investment Funds a sought after platform.'
Why Dalit leaders cross over to the BJP
Jindal Steel and Power was the top loser down 10% followed by Hindalco, Tata Steel, Tata Power which ended down between 0.5-3% each.
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