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RBI RULES LOST CREDIT CARD LIABILITY
RBI may not need immediate CRR hike as liquidity surplus likely to moderate: UBI ReportThe Reserve Bank of India may not need to raise the cash reserve ratio (CRR) in the immediate term as the banking system's surplus liquidit...
Company can face criminal prosecution even if no individual is made accused: Supreme CourtIn a landmark ruling, the Supreme Court has established that companies can be subjected to criminal proceedings even when no individuals ar...
Indians can use crypto to buy groceries, fuel and gold through overseas gift-card platformsIndians can use cryptocurrencies to buy goods and services domestically through overseas fintech platforms that convert stablecoins and oth...
Zero-fee travel credit card: Unlimited airport lounge access, 10% rewards on UPI transactions – Is this new co-branded card for you?How about a card that not only offers airport privileges but also earns rewards on every eligible spend and UPI transaction, with zero fore...
Thinking of guaranteeing a loan? Think again; here’s how your credit score could suffer if the borrower defaultsBecoming a loan guarantor creates significant financial and credit obligations for individuals. The guaranteed loan appears on your credit ...
- Make growth piggyback on savings
Household savings are increasingly held in financial assets, not physical ones. This shift creates a significant mismatch for long-term inv...
Slice closes $100 million round as valuation more than halves to $470 millionThe fintech-turned-bank has raised the money from existing backer Moore Strategic Ventures, the New York-based investment arm of the hedge ...
'Revolver' misfire hits credit card issuers: India's credit card boom sees lower bank profitsCredit card profits are shrinking for Indian banks as spending rises. Customers now use cards more for payments than borrowing, reducing in...
Can an NRI be a nominee for PPF, NSC or SCSS? Here’s what happens to the money after the account holder diesNRIs can now be nominees for India's small-savings schemes like PPF and NSC, a change from 2023. While they can receive proceeds, repatriat...
New vehicle owners can download digital RC same day after registration in TN; CM Vijay also announces drivers will now get digital licence immeditately after the driving testTamil Nadu will introduce digital driving licences and vehicle registration certificates from September 15, letting new vehicle owners down...
GIFT IFSC emerges as international banking hub with $52.82 bn FCNR(B) disbursals: Uday KotakGIFT IFSC banking units are channeling foreign-currency deposits into financing. These units funded fifty-two billion dollars of FCNR(B) de...
India's banking system liquidity surplus hits over 4.5-year high at Rs 7.76 lakh croreIndia's banking system liquidity surplus has reached its highest point in over four years. This surge is attributed to record forex-inflow ...
Cash no king, but don't stash it: India wants a digital economy, but cash still holds the power of choiceDespite government promotion of digital transactions like UPI and e-Rupee, cash remains prevalent, especially in rural areas and for large-...
Bank credit to industry rises 20 percent in July: RBI dataBank credit to industry grew by twenty percent in July, while agriculture advances expanded faster. Non-food bank credit saw nineteen point...
Man wanted to buy iPhone from neighbour's credit card, who refused. Bengaluru CA explains why the request raised a red flagA Reddit user refused when his neighbour asked him to let his cousin buy an iPhone using his credit card on a 12-month EMI. Bengaluru CA Me...
Wave of mass market credit cards erodes foreign majors’ baseStandard Chartered and DBS Bank India recorded the sharpest contractions. The former's card base fell 28% to 581,000, a fall of 227,000 car...
US proposes new tax credit rules restricting refunds for some non-citizensThe US Treasury and IRS have proposed new rules restricting the refundable portion of four federal tax credits to US citizens, nationals an...