HDFC Bank on Monday said it aims to regain the two per cent market share in the credit card market it ceded to rivals during a recent ban, within a year by aggressively tapping into its existing depositor base. The bank will also focus on forging new partnerships to sell more cards and will not deviate from its conservative approach on taking credit risks as it goes aggressive in the market, its group head for payments and consumer finance, digital banking and IT, Parag Rao, told reporters. On August 17, RBI lifted the ban on HDFC Bank which had prevented it from issuing new credit cards from December 2020.
Authorised push payment frauds have emerged as a growing challenge globally as scammers increasingly rely on social engineering techniques to persuade users to transfer money voluntarily, making recovery more difficult even when transactions are authenticated.
OnePlus Nord 6 for cool colours and a hot battery.
State Bank of India, the country's largest lender, on Monday asked borrowers to control credit card debt and get rid of high-cost liabilities at all cost.
Banks provide incentive for customers who use balance transfer by providing a low interest or interest free period.
Harshala Chandorkar of CIBIL will answer your queries on how to read a credit report between 3 pm and 4 pm on Monday, August 19.
We hope this information can help you save and trigger more money saving ideas in your mind.
Brokerage firm Jefferies maintains a 'Buy' rating for Paytm, citing its dominant merchant payments platform and projected revenue growth.
For the past few months I have had some hilarious and some utterly infuriating experiences with banks and credit cards and thought of sharing them with you: not just to vent my frustration, but also to ring a warning bell. Please be careful, please read your credit card statements properly, and also please keep a record of all the freebies (read 'life-time free card' offers, etc) that banks promise.
A lowdown on the strings attached to such credit card schemes and when you should and should not opt for them.
The more you know about using a new credit card, the more you reap!
Harsh Roongta says cash withdrawal on cards incurs heavy fees (normally around 2 to 2.5% of the amount withdrwan) plus the interest on that amount also starts immediately - no free credit period.
Join Rajiv Raj of Credit Vidya on how you can protect yourself from credit card frauds and identity thefts at 2pm today on Rediff ZaraBol.
According to sources familiar with the developments, Barclays may review several options, including the sale of its credit card operations in India.
Your monthly credit card statement is the best document that will help you understand your monthly spending.
While cash cards are not a new concept and the user need not have a bank account, they are yet to gather steam in India. Most cash-card companies are taking the next big step with mobile wallets.
Black is the new platinum as the field for elite credit cards gets crowded.
Trinamool Congress leader Abhishek Banerjee has accused the BJP government of conspiring against Indian citizens by deleting names from electoral rolls and diverting attention from core issues.
The Delhi Police's Economic Offences Wing (EOW) has dismantled a GST fraud cartel, arresting six individuals involved in swindling Rs 128 crore through shell companies and fake invoicing.
Dynamics Inc is developing such cards - due to be introduced in the US later this year - which will have wafer-thin microprocessors and would run on batteries that can last up to three years.
Shruti Bhagwe, (24), who is doing a role in the serial Kehna\n\nHai Kuch Mujhko, was arrested last week for stealing seven credit cards from her colleague Ashwin Kaur Singh and using them make purchases.\n\n
There are many reasons why taking an unsecured personal loan makes more sense than borrowing on your credit card.
Does the balance transfer facility on credit cards benefit you? If so, how? What should you do to avail such a facility and what does it cost you to do that? Aditya Prasad explains the finer points of availing balance transfers on credit cards.
Currently, customers outside the bank's existing client base account for 25 per cent of its card base.
Credit cards appear to have found favour with public sector banks, which had, so far, been reluctant in expanding their unsecured loan portfolios aggressively.
Here's a checklist you must know before signing up for such a card...
In an yet another passenger-friendly move, the ministry of railways has decided to accept credit cards issued by banks with laminated photograph as proof of identity for traveling on e-tickets.
Do you often miss payments? Do you exceed your credit limit? You are just the kind of customer credit card companies are looking out for!
Here's what's in it for you!
The Reserve Bank of India's latest data indicate that spending per card is rising steadily - something that consumers should worry about
Get set for a whole new range of credit cards. Plastic cards will be passe soon. They will be replaced by the next generation of credit cards, which is all set to make its debut!
Two hundred Malaysians are now among the first in the world to pay for goods and services using their cellular phones which can act as extensions of their Visa credit cards.
The interest rate charged on your credit card makes your ownership a nightmare if you don't know it in perfect detail. Here's a primer for you
