New Document top_band
 
Business Standard

Hdfc Bank Plans Emi For Credit Cards

Related News

HDFC Bank is coming out with an equated monthly instalment (EMI) facility for its credit-card users. The bank, which had also slashed interest rates on its credit cards in January, has seen customers opting to transfer their balances from other cards to HDFC cards to avail of the low transfer rates.

Uma R Krishnan, country head, retail branch banking and credit cards, said the EMI facility would be made available by the end of thismonth.

This facility is being currently offered by Standard Chartered and ICICI Bank.

The EMI scheme can work either through arrangements between the bank and specific companies, wherein only certain products are available to credit card holders or it can work across products and companies with the customer calling up the bank and specifically listing out the purchase under the scheme.

Read more on:   

Read More

UBS posts quarterly loss

UBS AG, Switzerland’s biggest bank, posted a fourth-quarter loss after booking a fine for trying to rig global interest rates and costs tied to job ...

Quick Links

News Rss icon

LIC Housing Finance takes over Orbit Corp's Mumbai property

Orbit's total amount outstanding is Rs 95.50 crore including interest, expenses and other charges

VCES a rare opportunity, make fresh start, says Chidambaram

The FM asked hose in trade and industry to seize the offer

Govt allows greater flexibility for pension fund investments

But the EPFO board would need to approve the changes before they become official

Back to Top