Federal Bank, South Indian Bank shares plunge up to 5% on RBI action
Federal Bank informed exchanges that it is in the process of rectifying areas that are deficient and will seek regulatory clearance prior to the resumption of new issuance.
debit cards
March 2024
May 2023
October 2022
September 2022
June 2022
April 2022
RBI tightens rules for credit, debit cards linked to business accounts
RBI tells business card issuers to put in place an effective mechanism to monitor the end use of funds.
Cash withdrawals at ATMs rise 235% since demonetisation
Cash withdrawal using debit cards at ATMs stood at ₹2.86 lakh crore in March 2023.
20% TCS on credit card spends abroad not high: Govt
International credit cards are being issued with limits in excess of the current LRS limit of $2,50,000, says Ministry of Finance
India records 20.5 bn online transactions worth ₹36 lakh cr in Q2
In terms of merchant transactions, UPI P2M emerged as the preferred payment mode, with a market share of 34% in volume and 17% in terms of value, says the Worldline’s India Digital Payment report.
Tokenisation: New credit, debit card rules to kick in from Oct 1
From October 1, your credit or debit card details will be automatically deleted from merchant platforms. Here's what you can do.
Credit, debit card issuance: RBI extends timeline for implementation of certain provisions
RBI says the timeline extended from July 1, 2022, to October 1, 2022, for the implementation of some provisions after it received representations from stakeholders.
NBFCs can’t issue credit cards without prior RBI nod
RBI’s new master guidelines underline key directors for NBFCs and scheduled banks with regard to issuing debit and credit cards.
