Blog - India Credit Cards

ICICI Bank launches dual platinum credit card

sofia — Wed, 21 Dec 2011 09:39:49 +0000

India’s largest private sector lender ICICI Bank on Tuesday launched a platinum credit card christened as Rubyx in partnership with American Express, a company engaged in the credit card and travel services and MasterCard, the payment gateway provider. The new credit card offers dual benefits wherein a cardholder will receive two cards. “Card members will [...] Related posts:

Credit card number falls as banks like ICICI Bank, Citibank and Standard Chartered get cautious The number of active credit cards in India has dropped...

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Credit card number falls as banks like ICICI Bank, Citibank and Standard Chartered get cautious

sofia — Fri, 18 Nov 2011 16:15:38 +0000

The number of active credit cards in India has dropped by almost 35 percent in the last three years as banks withdrew cards from defaulters and became cautious in issuing new ones, an industry survey revealed. The number of active credit cards in India has steadily dropped from a peak of 2.75 crore as on [...] Related posts:

Now, alerts for all credit card payments The Reserve Bank of India has asked banks to put...

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Credit card transactions up by over 29 pc in June

sofia — Fri, 12 Aug 2011 08:22:52 +0000

Transactions worth Rs 7,191.11 crore were carried out using credit cards in the country in June, 2011, translating into a growth of 29.8 per cent over the same month last year. Credit card transactions during June, 2010, amounted to Rs 5,538.75 crore, according to Reserve Bank of India ( RBI) data. The number of credit [...] Related posts:

Now, alerts for all credit card payments The Reserve Bank of India has asked banks to put...
IndusInd Bank in race to buy Deutsche Bank’s credit card biz Private sector lender IndusInd Bank is in the race to...
Credit card complaints top list of grievance Credit card grievances relating to overcharging and issuance of unsolicited...

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Now, alerts for all credit card payments

sofia — Thu, 31 Mar 2011 18:29:44 +0000

The Reserve Bank of India has asked banks to put in place a system for providing online alerts for all card transactions irrespective of amount. Until now banks had to send online alerts to the cardholders for only ‘Card Not present’ (CNP) transactions which were for the value of Rs 5,000 and above. Taking note [...] No related posts. Related posts brought to you by Yet Another Related Posts Plugin.

IndusInd Bank in race to buy Deutsche Bank’s credit card biz

sofia — Fri, 25 Mar 2011 10:59:42 +0000

Private sector lender IndusInd Bank is in the race to buy Deutsche Bank’s credit card business in India and hopes to finalise a deal in the next few weeks. IndusInd Bank, along with Axis Bank, Dhanlaxmi Bank and Karnataka Bank, have evinced interest in acquisition of the credit card business of Deutsche Bank, sources said. [...] No related posts. Related posts brought to you by Yet Another Related Posts Plugin.

Finally, India card Rupay to replace Visa, MasterCard

sofia — Tue, 22 Mar 2011 12:05:22 +0000

After almost two years of planning, the National Payments Corporation has at last finalised the proposed unique India Card which once commercially launched would be an domestic alternative to the global real-time payment processing firms like Visa and MasterCard . “We have finalised name of the proposed card as Rupay at our board meeting here [...] No related posts. Related posts brought to you by Yet Another Related Posts Plugin.

PVR and Kotak Mahindra launches Entertainment Credit Card

sofia — Thu, 24 Feb 2011 09:52:24 +0000

For the first time in India, movie enthusiasts will now be able to draw a more significant and appealing value from their everyday spends by availing free PVR tickets every month through the PVR Kotak Credit Card PVR Ltd., the leading retail entertainment company and Kotak Mahindra Bank Limited have introduced a unique Entertainment Credit [...] Related posts:

Kotak Mahindra Bank targets 30% rise in Credit Cards Business Private sector lender, Kotak Mahindra Bank is targetting a 25-30%...

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Kotak Mahindra Bank targets 30% rise in Credit Cards Business

sofia — Wed, 23 Feb 2011 08:50:20 +0000

Private sector lender, Kotak Mahindra Bank is targetting a 25-30% increase in revenue from its credit card business in the upcoming two years time, informed a top official of the bank. “We are quite bullish about the retail business, especially the credit card portfolio. We expect the division to contribute around 25-30% to the total [...] No related posts. Related posts brought to you by Yet Another Related Posts Plugin.

Credit card complaints top list of grievance

sofia — Wed, 02 Feb 2011 14:39:02 +0000

Credit card grievances relating to overcharging and issuance of unsolicited cards accounted for bulk of the complaints received by the banking ombudsman during 2009-10. The banking ombudsman has received 18,810 credit card complaints, which accounted for 24 per cent of the total grievances received during 2009-10, data released by the Reserve Bank of India (RBI) [...] No related posts. Related posts brought to you by Yet Another Related Posts Plugin.

ICICI to allow withdrawal upto Rs 1000 at merchant outlets

sofia — Wed, 19 Jan 2011 18:40:23 +0000

The country’s largest private sector lender ICICI Bank today introduced cash withdrawal facility for customers for withdrawing up to Rs 1000 at point of sale (PoS) terminals, with the option to buy or not buy at merchant outlets. ICICI is the first lender to offer this facility in the country, the bank said in a [...] No related posts. Related posts brought to you by Yet Another Related Posts Plugin.