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Credit card number falls as banks like ICICI Bank, Citibank and Standard Chartered get cautious
Written on 18 Nov, 2011 at 21:15 in Banks, Citibank, ICICI, News, standard chartered | viewed 172 views times | 0 Comments
The number of active credit cards in India has dropped by almost 35 percent in the last three years as banks withdrew cards from defaulters and became cautious in issuing new ones, an industry survey revealed. The number of active... (Continue reading)
Credit card transactions up by over 29 pc in June
Transactions worth Rs 7,191.11 crore were carried out using credit cards in the country in June, 2011, translating into a growth of 29.8 per cent over the same month last year. Credit card transactions during June, 2010, amounted to Rs... (Continue reading)
Now, alerts for all credit card payments
The Reserve Bank of India has asked banks to put in place a system for providing online alerts for all card transactions irrespective of amount. Until now banks had to send online alerts to the cardholders for only ‘Card Not... (Continue reading)
Finally, India card Rupay to replace Visa, MasterCard
After almost two years of planning, the National Payments Corporation has at last finalised the proposed unique India Card which once commercially launched would be an domestic alternative to the global real-time payment processing firms like Visa and MasterCard .... (Continue reading)
Credit card complaints top list of grievance
Credit card grievances relating to overcharging and issuance of unsolicited cards accounted for bulk of the complaints received by the banking ombudsman during 2009-10. The banking ombudsman has received 18,810 credit card complaints, which accounted for 24 per cent of... (Continue reading)
LIC targets half million credit card sales next year
The card subsidiary of Life Insurance Corporation LIC of India named LIC cards has set an aim of generating credit card sales worth Rs. 5 lakh in the upcoming financial year. This target, if achieved would lead to half a... (Continue reading)
ABN cuts credit limit on cards to a tenth- News-Credit Cards-Personal Finance
ABN Amro India has chopped the credit limit of some credit card customers to a tenth and raised the minimum amount payable to 7% oftotal dues from 5%, possibly to persuade them to surrender their cards as it draws closer... (Continue reading)
Credit cards base shrinks by a fourth in less than 2 yrs
Written on 11 Feb, 2010 at 17:21 in News | viewed 467 views times | 0 Comments
The popularity of credit cards has taken a severe beating in India over the past couple of years. The base fell by 16.4 per cent, or over 4 million, to 20.64 million in the nine months ending December 2009.In fact,... (Continue reading)
PayPal: India Payments Suspended for ‘at Least a Few Months’
Written on 10 Feb, 2010 at 17:41 in News | viewed 495 views times | 0 Comments
PayPal said a ban on personal transactions to and from India will continue for “at least a few months” while the online payment service tries to resolve a problem with local regulators. The ban, which began Saturday and caught PayPal... (Continue reading)
Banks to pull out 20 lakh credit cards by March 31
Written on 5 Feb, 2010 at 18:11 in News | viewed 524 views times | 0 Comments
Around 20.35 lakh credit cards will be flushed out of the system by March-end, according to a study done by Venture Infotek, India’s leading payment solutions provider. It has shown a sharp drop to 226.64 lakh cards by March-end, from... (Continue reading)
Hot Topics in News
- Credit card complaints on the rise in India - 22,817 views
- New Online Security Feature for Credit Card transactions: Explained - 4,224 views
- New rules from RBI to help Credit Card users - 2,920 views
- Finally, India card Rupay to replace Visa, MasterCard - 2,666 views
- Now, alerts for all credit card payments - 2,382 views
- LIC targets half million credit card sales next year - 2,161 views
- SBI Credit Cards Posts Rs.186.61 cr loss - 2,059 views
- India among top 3 countries to use credit cards for online shopping - 1,906 views
- Banks deactivating inactive Credit Card customers - 1,449 views
- RBI to launch credit card “IndiaPay” next year - 1,307 views
- ABN cuts credit limit on cards to a tenth- News-Credit Cards-Personal Finance
(5.00 out of 5) - Banks deactivating inactive Credit Card customers (5.00 out of 5)
- Banks to pull out 20 lakh credit cards by March 31 (5.00 out of 5)
- LIC targets half million credit card sales next year (5.00 out of 5)
- Credit card complaints top list of grievance (5.00 out of 5)
- Finally, India card Rupay to replace Visa, MasterCard (5.00 out of 5)
- Credit card transactions up by over 29 pc in June (5.00 out of 5)
- Credit card number falls as banks like ICICI Bank, Citibank and Standard Chartered get cautious (5.00 out of 5)
- Now, alerts for all credit card payments
(4.00 out of 5) - PayPal: India Payments Suspended for ‘at Least a Few Months’ (0.00 out of 5)
- ABN cuts credit limit on cards to a tenth- News-Credit Cards-Personal Finance - 1 votes
- Banks deactivating inactive Credit Card customers - 1 votes
- Banks to pull out 20 lakh credit cards by March 31 - 1 votes
- LIC targets half million credit card sales next year - 1 votes
- Credit card complaints top list of grievance - 1 votes
- Finally, India card Rupay to replace Visa, MasterCard - 1 votes
- Credit card transactions up by over 29 pc in June - 1 votes
- Credit card number falls as banks like ICICI Bank, Citibank and Standard Chartered get cautious - 1 votes
- Now, alerts for all credit card payments - 1 votes
- PayPal: India Payments Suspended for ‘at Least a Few Months’ - 0 votes
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