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:   

Hdfc Bank Plans Emi For Credit Cards

Hdfc Bank Plans Emi For Credit Cards

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.

image

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 ...

Recommended for you

Quick Links

More news from Finance Rss icon

FIPB to consider Kotak Bank, 12 other proposals on July 3

The other proposals to be considered by the panel include that of Hathway Cable and Datacom, DEN Networks and Sistema Shyam Teleservices

Finance ministry working on a package for state banks: Sinha

Govt has already agreed to inject about $3 billion into PSBs this fiscal year

Private banks wrest market share from PSBs

Govt banks' share in total profit also declined to 48% in FY15 from 52% in FY14

Back to Top