General Finance News

[Sushubh]

HDFC Bank Group To Acquire Upto 9.5% Stakes In Yes Bank, Axis Bank & 4 Others, Gets RBI Nod - News18

The RBI has also mandated that the group acquire major shareholding within one year in all the banks from the date of the approval, without which it would stand cancelled.

www.news18.com

 

[anmolbhard004]

thank god my portfolio will turn green now HDFC has been in red from beginning of month.

hope this is true.

 

[Sushubh]

Credit card debt: Swipe, spend, regret

The world two years ago was a nightmare for many entrepreneurs like Kirankumar Shetty whose bridge works business was hard hit. Delayed incoming payments became

www.newindianexpress.com

 

[Sushubh]

Source

 

[Sushubh]

Source

 

[Navjot Singh]

RBI updates credit and debit card rules; here’s what it means for cardholders | India Business News - Times of India

India Business News: The Reserve Bank of India (RBI) has recently made amendments to the regulations governing credit and debit cards, effective from March 7, 2024. These changes aim to enhance transparency and accountability in card usage and payment processes - the idea is to have a system...

timesofindia.indiatimes.com

For the nth time.

 

[Sushubh]

Govt unveils new scheme to promote RuPay debit cards and low-value BHIM-UPI transactions - ET BFSI

Govt Scheme Promotes RuPay Cards BHIM-UPI: The scheme aims to incentivise banks, payment system operators, and app providers to promote transactions using RuPay Debit Cards and low-value BHIM-UPI transactions (up to Rs 2,000) on a person-to-merchant basis.

bfsi.economictimes.indiatimes.com

 

[Navjot Singh]

Just ban visa, Amex, diners club, and mastercard permanently and get it over with.

 

[Sushubh]

How a credit card pandemic is gripping India

Just a decade ago, credit cards were a rarity, with stringent eligibility criteria. From two crore in 2011 to 10 crore in 2024, the number of credit cards issued in India has seen a phenomenal jump. With it has risen the spend on credit cards and the defaults. Now, India is facing a credit card...

www.indiatoday.in

 

[Sushubh]

CIBIL Rating Not Changed Despite Clearing Loan : Kerala High Court Directs Credit Rating Agency To Ensure Requisite Credit Rating

The Kerala High Court directed the Trans Union CIBIL Ltd, a credit rating agency, to ensure that

www.livelaw.in