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RBI extends deadline for select provisions to implement new card rules

Finance

22 June, 2022

RBI extends deadline for select provisions to implement new card rules

The Reserve Bank of India (RBI) on Tuesday extended, by three months, the deadline to implement three provisions as part ......

Axis Bank to acquire Citi's consumer business in India for $1.6 bn

Finance

30 March, 2022

Axis Bank to acquire Citi's consumer business in India for $1.6 bn

Private sector lender Axis Bank has agreed to acquire Citibank's consumer business in India for Rs 12,325 crore ($1.62 billion), in an ......

Visa complains to U.S. govt about India backing for local rival RuPay - Reuters exclusive

Economy

29 November, 2021

Visa complains to U.S. govt about India backing for local rival RuPay - Reuters exclusive

Visa Inc has complained to the U.S. government that India's "informal and formal" promotion of domestic payments rival RuPay hurts ......

Credit card service startup Hyperface raises funds from Kunal Shah, others

TMT

05 October, 2021

Credit card service startup Hyperface raises funds from Kunal Shah, others

Cred founder Kunal Shah, Better Capital and GFC (Global Founders Capital), along with early investors have invested $1.3 million in ......

In Charts: What do Indians really use their debit cards for?

General

30 December, 2016

In Charts: What do Indians really use their debit cards for?

Prime Minister Narendra Modi and the Reserve Bank of India want to make the country a cashless economy, as they ......

Why the debit card data breach should worry you

General

20 October, 2016

Why the debit card data breach should worry you

Several Indian financial institutions have, in the past few months, increasingly come under cyber attacks. News reports in the past ......