"At present, our credit card base is 7.5 million," he said. Sachin Khandelwal, senior general manager for retail assets, however, declined to comment on specific details, such as the magnitude of the reduction in the bank's credit card business over the past year. The country's second-largest lender, which spearheaded the growth of retail finance in the country, has also been going slow on retail loans for the past few years.
Three Indian-origin men have been found guilty of first-degree murder in Canada in connection with the killing of a couple in Abbotsford in May 2022. The British Columbia Supreme Court ruled that the men played a willing and integral role in the couple's murder, which was financially motivated.
You may think that teenagers and credit cards are a recipe for disaster but before you dismiss the idea give it a second thought.
While you go about it, please note that if it is difficult for you to keep your spending habit in check, all the benefits of getting a credit card limit increase will be pointless.
credit cards offer card owners an opportunity to earn while they spend through reward programmes
Did you know that credit cards can in fact help you to improve and build your credit score if used responsibly and wisely!
Banks are willing to help cardholders to settle dues.
This latest credit card product is a double-edged sword. Beware before you get ensnared!
Spending through the credit card in March 2022 jumped 48 per cent year-on-year to top Rs 1 trillion -- five months after it had hit the same figure for the first time in October 2021, buoyed by festive season expenditure. The jump has been driven by the pickup in consumption as the pandemic recedes. Expenditure in March, at Rs 1.07 trillion, was up 24.5 per cent over February, the data put out by the Reserve Bank of India (RBI) showed.
Here's why VCCs are the best options for credit and debit card holders for avoiding phishing and frauds
The Reserve Bank of India's (RBI) new rules for credit and debit cards came into effect from October 1. These include tokenisation, one-time password (OTP) for activation after 30 days, written permission for enhancement of credit limit, and greater clarity on interest calculation.
Do you think credit cards -- more so student credit cards -- if used judiciously can benefit you? Or do you think owning a student credit card is a sureshot way of jumping into a debt trap? Whatever your feel, please post your opinions here...
The OnePlus Nord CE6 features a 6.78-inch 1.5K AMOLED display with a 144 Hz refresh rate, a Snapdragon 7s Gen 4 chipset, a 50MP main camera, and an 8,000 mAh battery with 80W SUPERVOOC charging.
Three individuals -- Vinay Tambe, James Perenal and Shekar Jadhav, were arrested by the police in the north east suburb of Mulund on February 11 when they attempted to make purchases using Shah Rukh's credit card at a mall there.
Technically speaking, a credit card is an unsecured loan. This means that unlike a secured loan, which is advanced by a bank/financial institution against a security like property for instance, a credit card is offered without any security. In a secured loan, if the borrower fails to make good on his principal/interest commitment, the bank/institution can seize the security as compensation.
Indian-origin British golfer Aaron Rai finished tied 19th at The Memorial Tournament, shooting a two-under 70 in the final round. JT Poston won the tournament in a playoff, while other notable Indian-origin golfers Sahith Theegala and Sudarshan Yellamaraju also participated.
Credit card companies cannot employ illegal means to recover dues from you. If you are being harassed, this is what you should do.
While there is easy access to money, the flip side is the high interest rate and processing fees, points out Sarbajeet K Sen.
Issuers allow you to convert your credit card purchases to EMIs, but it comes with strings attached.
What you must know about your credit card billing statement to make your credit card work for you.
A 72-year-old chartered accountant was robbed, assaulted, and kidnapped from his home in Delhi. Police have arrested two suspects after a 36-hour chase.
The Central Board of Secondary Education (CBSE) announced that nearly 40,000 students have successfully applied for verification and re-evaluation of Class 12 board exam answer books, despite the portal facing cyberattacks, including a denial-of-service attempt.
When you pay by cash, the pain is the highest and when you pay by credit card, the pain is reduced considerably.
We cut through the technical jargon and help you understand your credit card bill.
Delhi Police have arrested five individuals for allegedly abducting and robbing a man after luring him through a dating application in the Kalkaji area. The victim was assaulted, forced to transfer money, and later abandoned.
Harshala Chandorkar of CIBIL on why you must not delay your credit card payments
Of late, card-issuing banks have started charging even for entry-level credit cards. So, how do you select a card? A ready reckoner.
Of late, card-issuing banks have started charging even for entry-level credit cards. So, how do you select a card? A ready reckoner.
Credit card thieves are getting smarter with the help of sophisticated machines and cameras. But have you become smarter and more cautious?
An Army personnel is among four people arrested for allegedly honey-trapping, abducting and robbing a 72-year-old chartered accountant in Delhi.
After a sequential fall in November, due to high base and waning of the festival season effect, credit card spends have picked up again in December, recording over Rs 1 trillion for the 10th consecutive month. Latest figures released by the Reserve Bank of India (RBI) show that credit card spends in December 2022 touched Rs 1.26 trillion, up 10.21 per cent compared to November. And, on a year-on-year (YoY) basis, spends were up 34.31 per cent during this period.
We asked Get Ahead readers to narrate their experiences about paying credit card transaction fees. Here, we present the best messages from credit card users as well as merchants.
If you do not overspend, we advise you to get yourself a credit card. It will open up a whole new world of benefits.
Your credit card can be the single most important factor in improving and increasing your credit score. On the other hand it can also plummet your score to dark depths if you are not careful. Think smart and use your credit cards to your advantage.
Banks have started charging customers for payment of credit card bills through cheque and so paying online makes more sense.
SBI Cards, like most other credit card issuers in the country, suffered losses during the financial crisis of 2008-09 due to sharp increase in delinquencies. The company, a joint venture between State Bank of India and GE Capital, turned profitable in 2010-11. Kadambi Narahari, chief executive officer, shares the strategy to grow the company's cards business in coming years.
Credit cards have their advantages. Find out what they are.
