Archive for the "Credit Cards" Category

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¿Ustedes pagan el interés a cabo en una tarjeta de crédito sin interés?

No hay tal cosa como el pago de ningún interés en una tarjeta de crédito. Las empresas que las tarjetas de crédito problema no permanecer en el negocio en este fuera el caso. Aun así, puede obtener una tarjeta de crédito de interés libre, lo que significa que no puede pasar ningún interés en obtener […]

Smart tips to design a game plan to beat financial strain

Financial stress can adversely affect a person’s psychological state. Surveys have shown that financial stress is among the root causes of decreased performance at work and a steady decline in physical and mental wellbeing. The sources of financial stress are varied. In India, one of main causes is worry about the adequacy of retirement savings. […]

Credit card transactions up over 26% in February

Transactions worth Rs 6,212.92 crore were carried out in the country through credit cards in February 2011, registering a growth of 27.82 % compared to the same month last year. Credit card transactions during February 2010 were at Rs 4,923.11 crore, according to RBI data. The number of credit cards in circulation have, however, declined […]

IndusInd acquires Deutsche Bank card biz

IndusInd Bank has entered into an agreement with Deutsche Bank to buy the latter’s credit card business in India after others in the race pulled out due to expensive valuations. Dhanlaxmi Bank, Standard Chartered Bank and Karnataka Bank had apparently shown initial interest for the business. The deal allows IndusInd Bank to tap into Deutsche […]

No online payment for forex trade: RBI to credit card firms

Amid introduction of illegal online forex trade by certain companies, the Reserve Bank has asked credit card issuing companies to not permit payments for such transactions. The regulations under Foreign Exchange Management Act (FEMA), 1999, do not permit resident Indians to trade in foreign exchange in domestic or overseas markets. The RBI’s instruction comes in […]