The total number of credit card- holders declined to 21% in 2011 in the country, though the number of premium card holders rose to 29%.
India also witnessed the fastest
Citi India's Global Consumer Group today announced the appointment of Muge Yuzuak as the head of its cards business in the country.
Muge, who succeeds Sandeep Bhalla who will now
SBI Cards, a joint venture between the country's largest lender SBI and GE Capital, today launched credit cards with EMV chip security feature, which will provide enhanced security features to
Over Rs 2,000 crore was lost by the country's banking sector in frauds during 2009-10 with more than 200 of these incidents involving deception of above one crore each, CBI
In one big swipe banking transactions across the country even in far-flung areas will go hi-tech. Farmers both big and small are likely to
In the dispensation of retail loans banks increasingly find their hands tied by the credit card history of applicants. The repayment history of all credit card holders is
Advanta Corp, which issues credit cards to small businesses, has filed for bankruptcy protection in a US court after the global economic crisis adversely impacted the company's small business customers.
PNB is now aiming to issue 2 lakh global credit cards by March 2010.
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