Credit Card

SBI Card added the highest number of new credit cards in May as the industry added nearly one million cards, while credit card spending rose to Rs 2.02 trillion

The Reserve Bank on Wednesday said in case of complaints of fraudulent electronic banking transactions via a credit card, a bank should provide shadow reversal or provisional credit of the disputed amount within 5 days from the date of customer notification. The RBI has issued revised framework on limiting customer liability in digital transactions. A bank should design its systems and procedures to make customers feel safe about carrying out electronic banking transaction (EBT) and it should put in place appropriate systems and procedures to ensure safety and security of EBTs carried out by customers, the amended norms said. "A bank shall mandatorily send instant SMS alerts to its customers for all EBTs of value more than Rs 500. For EBTs of value up to Rs 500, a bank may decide to send instant SMS as per its internal policy but without any charge to the customer," the RBI said. These norms will come into effect from January 1, 2027. Also, the bank's communication systems, deploy

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If you use the card wisely, pay in full and on time and keep utilisation at 30% or below, it improves your credit score

Improving asset quality and lower credit costs could support earnings growth, even as receivables expansion remains subdued and cost pressures persist

Rising incomes, digital adoption, and UPI-linked RuPay cards are accelerating credit card usage in smaller cities, according to SBI Card's latest report

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This New Credit Card Targets Startup Founders Paying For Ads, SaaS And AI Tools

Maximise your 2026 credit card returns by mastering techniques that turn routine spend into high-value rewards

RBI clarifies overdue and asset classification for corporate credit cards under joint liability will apply only to firms, aiming to standardise reporting and ease bank capital load

FY26 card spends up 12% to ₹23.62 trillion

The best way to optimise benefits is to keep multiple cards and use the one offering highest rewards for each spending category

Repay loans on time, keep credit utilisation below 30%, and avoid too many applications within a short period

Ghosh took over the role of country manager from T R (Ram) Ramachandran in March 2022

Businesses can now use UPI, debit or credit cards for paying Customs duty on the ICEGATE portal, the Central Board of Indirect Taxes and Customs (CBIC) has said. The CBIC in a circular said ICEGATE e-Payment platform has enabled 'Payment Aggregator' as an authorised mode to facilitate customs duty payment. ICEGATE essentially functions as the digital backbone of Indian customs and acts as an interface through which importers and exporters file documents, track clearances, and discharge duty payments. While the system has evolved significantly over the time, the payment mechanism remained largely anchored to a limited set of authorised banks and conventional channels such as net banking and NEFT/RTGS. "With the rollout of a payment aggregator on ICEGATE, duty payments are no longer confined to specific banking channels. Businesses can now use UPI, debit or credit cards, and access a significantly wider banking network bringing a greater degree of ease and convenience in making paymen

New reporting rules and mandatory PAN linkage will transform credit cards into transparent extensions of tax identities

Analysts said the decline in private banks' share was largely driven by contraction among small and mid-sized lenders, while leading private banks broadly maintained their positions

Pine Labs does not plan to launch the product in India or China, Rau said

Travel perks to cashback offers, here's how top credit cards cater to shopping, lifestyle and everyday spending needs

The top four banks (HDFC Bank, SBI, ICICI Bank, and Axis Bank) continued to dominate, accounting for 76.5% of total industry spends