The partnership aims to provide one of the widest range of offerings across customer segments, with special focus on millennials, business owners and merchants
Plans to issue 1.2-1.4 million cards in the current financial year (FY22)
Transactions will be smooth after one-time tokenisation
Paying hefty annual fee is justified if you can extract higher benefits from the card
It wants to be known as a payments network and player in the digital payments arena
ICICI Bank was been the biggest gainer in the December-June period
SBI Cards and Payment Services (SBI Card) has raised Rs 500 crore by issuing bonds on a private placement basis.
The bank has tied up with National Payments Corporation of India for issuing RuPay cards and will ink a similar deal with VISA
The bank is expecting to start issuing credit cards on the Visa payment network post the technology integration, which is expected to take 8 to 10 weeks
Between December and May, HDFC Bank's credit card kitty saw a drop of 528,447 cards while that of ICICI Bank increased 1.16 million, the highest by any lender during the period
We have a non-banking financial company (NBFC) that provides the financing for transactions.
Airline has set up a special cell to communicate with impacted customers
The RBI directed HDFC Bank to halt all its digital launches as well as new sourcing of credit card customers
A fresh Covid wave can potentially disrupt the recovery of businesses hurting some sections of HDFC Bank's loan book, analysts say
Tectonic change is roiling the credit card industry, and the rules of the game are being reset
Introduced 9 yrs ago, the indigenous card payment network has cornered a sizeable market share, thanks to govt push
The firm's m-cap is now more than that of Tata Motors, Shree Cement, and JSW Steel
As of November 2020, around 603.6-million RuPay cards have been issued by nearly 1,158 banks
Interest waiver relief was a complete waste of taxpayers' money. It only enabled the government to provide the Supreme Court judges a face-saving way out of the mess of their own making
Defaulting on card dues could restrict access to credit in future