Page 16 - Credit Card

RBI extends card tokenisation deadline by six months to June 30, 2022

The earlier deadline was December 31, 2021

Credit card users spent Rs 39,000 cr on digital payments in 2021: Report

Expenditure on food and utility bills remained consistent during all months while food and beverages saw high spending after the lockdown restrictions were eased from July to October

RBI's push towards card security likely to hit merchants, lenders: Report

Merchants and bankers argue they have not been given enough time to comply with the changes that RBI wants to make effective Jan 1, 2022

Worldline partners with major card networks to launch tokenisation solution

Worldline said that it has developed a fully interoperable plug-and-play solution to enable card on file tokenisation using single integration

A snapshot of credit cards offered by various firms and their features

Here is how the features of credits cards offered by various companies stack up

Visa Inc's Amazon blues will shape the digital cash debate

E-commerce and social media giants could use this cash flowing into their tokens to offer credit to merchants, with repayments deducted on every sale at zero collection cost

SBI Card to raise Rs 2,000 cr by issuing bonds on private placement basis

SBI Cards and Payment Services (SBI Card) on Monday said it will raise Rs 2,000 crore by issuing bonds on a private placement basis

Want low-interest loan this festive season? Need a credit score over 750

In fact, you should monitor your credit score regularly because if it is low, it will take time to improve it

Festive season: Credit card spends jump 57% in September, shows data

Credit card spends are much higher than pre-pandemic levels.

Vistara partners with IndusInd Bank to launch co-branded credit card

The credit card will offer various benefits such as a complimentary business class ticket, membership of the airline's frequent flyer programme and lounge access

HDFC Bank ties up with Paytm to issue co-branded credit cards from Oct

The credit cards will be launched in October during the festive season to tap into the high consumer demand for credit cards

SBM Bank partners with OneCard to launch mobile-based credit card

SBM Bank on Monday said it has partnered with fintech player OneCard to launch a mobile-based credit card

HDFC Bank to issue 300,000 credit cards a month to regain lost market share

Will raise issuance to 500,000 credit cards per month beginning February 2022

HDFC Bank aims to issue 300,000 credit cards per month from next quarter

HDFC Bank is looking at winning back the market share by number of cards in the next one year, a senior official said on Monday. The largest private sector lender by assets was allowed to issue new credit cards by the RBI last week, over eight months after being banned from doing so due to concerns over repeated technological outages. Parag Rao, its group head for payments and consumer finance, digital banking and IT told reporters that the bank has set some milestones for itself as it seeks to re-enter the market. The first is to achieve monthly new credit card sales to 3 lakh, the number right before the ban in November 2020, Rao said, adding that the same will be achieved in three months. Two quarters after that, it aims to take the monthly new card sales to 5 lakh a month, Rao said, adding that in three to four quarters from now, it plans to regain the market share by number of cards. Rao added that during the ban, the bank lost its market share by number of cards but was able

Will come back with a bang in credit cards: HDFC Bank CEO Jagdishan

'I am confident that we will regain and grow our customer market share and revenue market share in the time to come,' says HDFC Bank CEO

Lifting of credit card ban may spark up to 32% rally in HDFC Bank: Analysts

The scrip surged 3 per cent at Rs 1,564.75 on the BSE in intra-day trade on Wednesday and was among the top gainers on the BSE barometer

HDFC Bank can rally 11% to a new high of Rs 1,750, suggest tech charts

Once the hurdle mark is decisively conquered on the higher side, the upside rally may see a new all-time high

HDFC Bank shares gain as RBI lifts curbs on new credit card issuances

Shares of HDFC Bank on Wednesday rose nearly two per cent in early trade as investors cheered the Reserve Bank's decision to allow the lender to issue new credit cards. With the lifting of the eight-month-long ban on HDFC Bank with respect to selling new credit cards, its shares climbed 1.61 per cent to Rs 1,539.10 apiece after opening at Rs 1,550. The scrip touched an intra-day high of Rs 1,564.75 apiece on the BSE. The market capitalisation stood at Rs 8,51,282.53 crore. On the NSE too, similar trends were witnessed as the shares gained 1.60 per cent to Rs 1,538.95 and reached an intra-day high of Rs 1,565.35. The scrip opened at Rs 1,556.70 apiece. In a regulatory filing on Wednesday, HDFC Bank said the Reserve Bank of India (RBI), through its letter dated August 17, has relaxed the restriction placed on sourcing of new credit cards. The central bank had issued orders in December and February to HDFC Bank on certain incidents of outages in the internet banking /mobile banking/

HDFC Bank gains 3% as RBI allows lender to issue new credit cards

However, RBI's ban on the bank introducing new digital initiatives will continue

HDFC Bank can start issuing credit cards again as RBI eases curbs

Ban on Digital 2.0 programme continues; bank ready with aggressive plan