Credit Cards

As NPA resolution crawls, banks stare at spike in credit cost in range of 1.9% to 4.6% in second half of current fiscal

In its earlier assessment, India Rating had estimated the system-wide credit cost floor at 1.9% and capped it at 4.4% for the second half of FY19 and whole of FY20

HDFC Bank to offer 2 million credit, debit cards named Millennia to millennials in next two years

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HDFC Bank's credit and debit cards, christened Millennia come with a slew of features like a 5% cashback on shopping and a 1% fuel surcharge waiver

NPCI issues over 64 mn RuPay global cards, aims to grow international acceptance

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The RuPay global debit and credit cards are currently issued by 40 banks.

Non-metros lead unsecured loan market in volume game; 10.49% increase in lifestyle credit card applications: Report

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The average personal loan ticket size in non-metros is Rs 2.80 lakh compared to Rs 2.55 lakh in the metros

Digital payment transcations rise over 3-fold at 207% to 244.81 cr in August 2018: IT Ministry

Fp Staff • .

Existing payment modes such as debit cards, credit cards, Immediate Payment Service (IMPS) and Pre Paid Instruments(PPI) have registered substantial growth as well.

ICICI Bank launches Manchester United-branded credit and debit cards

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ICICI Bank has entered into a multi-year partnership with Manchester United to offer a range of co-branded credit and debit cards to the British soccer club's millions of Indian followers

Citibank, J.P.Morgan and Bank of America bar use of credit cards for buying bitcoins, other cryptocurrencies

Fp Staff • .

Reserve Bank of India (RBI), country’s banking ombudsman, has also flagged off certain risks associated with the use of virtual or crytpocurrencies

Digital transactions at 1.11 bn in January: Govt's 25 bn target for this fiscal doubtful as citizens return to habit of cash

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