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2 mins read

RBI directs card issuers to offer choice among card networks, bans restrictive agreements

According to a press release, the central bank prohibited card issuers from entering into agreement…

ANI   


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1 min read

RBI asks card network to restrain unauthorised commercial payment system

The Reserve Bank of India on Thursday restrained a card network, that had an arrangement to enable …

ANI   


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RBI action on Kotak Mahindra Bank may restrain credit growth, profitability: S&P

Credit cards are a higher-yielding target growth segment for Kotak Mahindra Bank. This portfoli…

PTI   


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3 mins read

Credit card portability explained: From what are the benefits to what it entails

A card network is a financial infrastructure that enables transactions and communication between me…

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RBI allows banks to issue RuPay prepaid forex cards

By promoting electronic payments, RuPay aligns with the Reserve Bank of India's goal of fostering a…

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Paytm app will continue to work beyond Feb 29 as usual: CEO Vijay Shekhar Sharma

Digital payments and services app Paytm is working and will continue to work as usual even after Fe…

PTI   


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Legal experts say the TikTok divest-or-ban bill could stand up in court despite being a free-speech disaster

TikTok has a strong First-Amendment argument to challenge Congress' divest-or-ban bill. It may stil…

Dan Whateley   


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RBI removes ban on Diners Club International while restriction on Mastercard, American Express continues

The Reserve Bank of India (RBI) has lifted a ban on payment system operator Diners Club Internation…

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4 mins read

Indian banking will maintain its growth momentum: South Indian Bank MD & CEO

Growth in credit, mergers and acquisitions, digital initiatives by the Reserve Bank of India (RBI),…

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3 mins read

HDFC Bank remains the market leader despite an eight-month ban on selling new credit cards

The Reserve Bank of India (RBI) has partially lifted its technology ban on the leading private sect…

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3 mins read

RBI is encouraging cardholders to tokenize their cards: Here’s all you need to know about it

When you buy something online, you share your credit card or debit card information with the e-comm…

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4 mins read

Centralised portal to search unclaimed deposits, UPI for credit lines and other key RBI announcements

UPI network to facilitate payments financed by credit from banks, reducing the cost of such offerin…

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4 mins read

Indian markets open flat ahead of RBI policy outcome – Vedanta, HDFC AMC, Bikaji Foods among stocks to watch out for

Indian benchmark indices Sensex and Nifty50 opened flat on Wednesday ahead of the RBI monetary poli…

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1 min read

RBI lifts ban on Bandhan Bank network expansion

"We would like to inform that the Reserve Bank of India vide its letter dated February 25, 2020 ha…

PTI   


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RBI bars Mastercard from issuing new cards from July 22

The RBI, however, clarified that its supervisory action will not impact the services of the …

PTI   


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Digital payments are on track to cross the 200 billion mark, but fintechs are yet to ‘earn’ from them

Digital payments transactions in India are expected to cross the 200 million mark in the next three…

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Sensex, Nifty50 open weak tracking global markets -- SBI, Vodafone Idea, Uniparts India among stocks to watch out for

Sensex and Nifty50 opened lower on Monday following weak global markets and ahead of November’s ret…

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2 mins read

RBI hikes limit for contactless card payments from ₹2,000 to ₹5,000

The Reserve Bank of India has hiked the limit for contactless payments from ₹2,000 to ₹5,000, makin…

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1 min read

RBI lifts business curbs imposed on American Express Banking Corp

The Reserve Bank of India (RBI) has lifted the business restrictions imposed on American Express Ba…

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HDFC Bank’s digital services are glitching again despite RBI’s warning and ban on launching new products

HDFC Bank’s digital banking services are on the outs again. India’s largest private sector lender i…