You are here: Home » Finance » News » Banks
No adverse observations from BSE and NSE on the proposed merger: HDFC Bank
icon-arrow-left
SFBs' balance sheet growth raises quality concerns, says RBI report
Business Standard

Pre-paid card comeback may have bolstered the case for NBFCs' plastic play

With pre-paid card players back at the drawing board, the case for the entry of NBFCs into plastic may have got stronger

Topics
finance sector | Credit cards

Raghu Mohan 



Credit card buys seen 8% lower in Apr-June quarter, say analysts
While the RBI has not elaborated on why it did what it did on PPIs, it is clear as daylight that the instrument was being used to skirt regulations around the entry of NBFCs into the credit-cards business.

Last Thursday, the Financial Stability Report (FSR, June 2022) noted that “the advent of fintech has exposed the banking system to new risks which extend beyond prudential issues and often intersect with other public policy objectives relating to safeguarding of data privacy, cyber security, and consumer protection.”

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Sun, July 03 2022. 18:26 IST

RECOMMENDED FOR YOU

.