Lender had 5.12 mn cards - almost a third of the total number of credit cards in the industry - at the end of November, 2013.
Police in Lucknow busted a gang that misused the Mudra loan scheme to create fake GST firms and commit input tax credit fraud worth approximately Rs 1.3 crore.
Faced with competition from private insurance companies and in an effort to branch out to new areas to provide better services to its customers, Life Insurance Corporation of India is planning to launch credit cards.
'In restaurants, the waiter takes your card and then comes back with the machine. Don't allow that.' 'Let him come to you with the machine and then enter the card and the PIN yourself.'
The effects of overpowering credit card bills can spill over into all parts of life, affecting your job, your family life and even your health. Here's how to avoid pain.
Next time you swipe, ask yourself, do you really need it or do you just want it?
Duped companies in the US and wired money to India and Pakistan.
Here's the lowdown on how to choose a credit card that best suits your wallet.
Kotak Mahindra Bank has acquired the non-performing portfolio of Barclays Bank's credit card business in India. The deal, experts said, gives momentum to the sale of stressed loan market in the country which has been having a dry run following stringent regulatory norms introduced in 2007.
More cases of international credit card fraud with links to India have come to light in Britain, even as authorities refused to rate the problem from Indian cities as very high.In a latest incident, a British journalist discovered that money was withdrawn from his bank account in Chennai this week, while nearly 500 others in Bournemouth suffered the same fate.
Transcript of the banking chat with Y B Desai, former chairman and managing director, Exim Bank, Mumbai.
Travel is now the dominant spending category for India's affluent consumers, who are prioritising experiences and luxury goods over retail buying, according to a new report.
After lying low since its foray into the credit card business two years ago, Life Insurance Corporation (LIC) of India on Monday announced a tie-up with Axis Bank to offer co-branded credit cards to its policyholders and employees.
A day after the Reserve Bank of India (RBI) lifted its ban on HDFC Bank on issuing new credit cards, the country's largest private sector lender on Wednesday said it had resources and plans in place to "further reinforce pole position in the credit card segment" and that it would "come back with a bang". "We will aggressively go to the market, with not just our existing suite of credit cards but also new offerings in the form of co-brands and partnerships," Sashidhar Jagdishan, managing director and chief executive officer of HDFC Bank, said in a letter to his employees. The bank's management had earlier indicated that the lender had been sourcing liability customers aggressively over the past few months.
If you are a compulsive credit card user and are at a loss about how to regulate your credit card spend, here is help at hand!
After a subdued first quarter of 2025-26 (Q1FY26), banks are now betting big on the festive season, rolling out attractive loan offers to boost credit growth in the second half of the current financial year (H2FY26) - a trend likely to be further accentuated by the second-order effects of the good services tax (GST) cuts.
A consumer court in New Delhi has directed the Bank of India to refund Rs 10,000 to a woman and provide additional compensation for a failed ATM transaction that was not reversed for several months, citing deficiency in service and violation of RBI guidelines.
Today pay-later services are available for practically anything under the sun. And these include small purchases like clothes, gadgets, movie tickets, and even food.
Do you know what are the pros and cons of using a credit card and/ or debit card? Here's a simple take on which is better and which is not.
RBI has advised banks to set up internal control systems to combat frauds, take pro-active measures, ensure credit card operations are safe, sound and profitable, preventive measures to combat frauds relating to skimming or duplication of cards.
Here's clearing this credit card misconception floating around in India
A phone number and e-mail are often enough for a fraudster to trick a lender into pulling your report and disbursing a loan.
Here is what could have played a spoilsport in your case. See if you can find a reason for yourself and correct it before re-applying.
InvestmentYogi explains 10 occasions when credit card usage should be restricted, to avoid the vicious circle of debt.
The country's credit card population fell to 18.3 million as of end-March from a peak base of 28.3 million in April 2008.
Here are some simple tips that can save you a great deal of money and reduce financial stress.
Indian Grandmaster R Praggnanandhaa drew with Maxime Vachier-Lagrave at the Super Chess Classic, while other matches intensified the title race. Fabiano Caruana and Vincent Keymer drew, and Javokhir Sindarov secured a victory. The final round promises high stakes with multiple players in contention for the title.
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.
ICICI Bank, the largest private sector lender in the country, has outpaced its rivals in growing its credit card base during financial year 2013-14 (April-March).
If banks won't lend, seek a loan from fintech lenders or P2P platforms to help you get out of a debt trap.
If a consumer spends Rs 50,000 on a credit card and only pays off the minimum amount of 5 per cent due every month, then at an interest rate of 34 per cent per annum it will take him about 11 years to completely pay off the amount with the total interest payable at Rs 57,000.
If you're considering settlement as a solution to end your debt problems, take a step back and consider the risks associated with such settlements.
