Blog - India Credit Cards

 The RBI today announced that it is working on formulating a plan to develop a mobile payment system. In other words, it means using your mobile as a credit card. The theory behind this thought is that there are 250 million mobile phone subscribers in India and growing rapidly, whereas there are only 10 million […]

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 TimesofMoney, a Times Group Company today launched an entertainment card in collaboration with Barclays Bank. The co-branded credit card “Times Card from Barclaycard and TimesofMoney” is targeted at the creamy layer who tend to spend a lot on their credit cards.

This is a lifestyle card targeted at individuals who maybe interested in attending Femina fashion […]

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  As reported earlier in my blog Kotak Bank had plans to launch their credit card business by March. Kotak has finally announced the launch of its credit card business in April by releasing four new credit cards.

Kotak’s credit cards include Trump and Fortune Visa Gold Credit Cards, League Visa Platinum card and Royale Visa […]

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  Credit Card major MasterCard has joined the IPL band wagon by announcing itself as the founding sponsor of the Reliance Mumbai Indians team. MasterCard is celebrating its 25th year in India.
With every major company wanting a piece of the IPL pie, MasterCard surely has its share secured. Mumbai is on MasterCard’s list of top 50 […]

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An RBI report put the total number of banking complaints at 38,638 in 2006-07 up 22% from 2005-06 which was at 31,732. The banking ombudsman’s scheme now also includes credit card complaints which may have lead to the increase in complaints.

Credit card complaints topped the chart with 7688 complaints which is a huge 20% of […]

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I had posted earlier that that LIC with its joint venture partner GE Money would launch its credit card operation by September. However, after various speculations on will they or wont they it looks like they finally will launch their credit card business by the year end.
Just yesterday I posted that SBI who again is […]

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 SBI Credit Cards has posted a loss worth Rs.186.61 crores for the quarter ending Dec 2007. Its non performing assets (NPA) amounted to a record breaking 16.28% the highest in the industry.
SBI and its partner GE Money had entered into a joint venture for the credit card business and issued over 3.5 million credit cards so […]

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Failing to get approvals from the RBI for its proposed joint venture with AIG and InfoTech Global, Punjab National Bank (PNB) has decided to go it alone with the launch of its credit card business. Last year PNB had announced its joint venture plans but delays from the RBI in clearing this deal has forced […]

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  ICICI Bank and the world leader in financial services American Express today launched two new credit cards for the Indian consumer. The two cards are “ICICI Bank Ascent American Express Card” and the ICICI Bank Business Ascent American Express Card”.
The ICICI Bank Ascent American Express Card is targeted at the premium segment offering accelerated rewards […]

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