UNSOLICITED CREDIT CARDS
Credit card issued without consent? Here is what you can do
Card issuers are restricted from offering unsolicited credit cards and are required to get the customer's prior and explicit authorisation before issuing the card, according to the Reserve Bank of India (RBI) rules.
Can credit cards be used beyond the sanctioned credit limit? Check RBI’s latest FAQs
The Reserve Bank of India (RBI) has amended certain provisions which will come into effect from March 07, 2024. The RBI has also released latest FAQs related to credit Card and debit Card issuance.
RBI amends these debit card, credit card rules: What card holders should know
Latest credit card, debit card rules: The RBI has requested business card issuers to put in place an adequate system to track the use of money.
Scam Alert: Fraudsters are targeting credit card users with festive "packages and offers"
Cyber cells in Kolkata have seen a rise in complaints of credit card frauds, particularly targeting women. Fraudsters are using the pretext of Durga Puja "packages and offers" to deceive victims. Authorities have issued warnings to the public to be cautious when dealing with unverified websites and not to share banking details with suspicious platforms or trust unsolicited callers.
Fraudsters disguise as market experts to dupe investors
The number of online frauds has been rising in leaps and bounds though RBI, Sebi, stock exchanges and cyber crime cells have stepped up vigil significantly
Beware of frauds: 5 ways to use payment apps safely
Want to steer clear of fraudsters and loss of money while paying online? Read ahead.
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Best online loans for bad credit: Top 10 personal loans and installment loans with no credit check
It’s more difficult to get a loan when you have bad credit. In an emergency, though, this is often the easiest solution, and there are options available to you.
RBI issues new rules, penalties for credit & debit cards
Banks with a net worth of Rs 100 crore and above are permitted to undertake credit card business either independently or in tie-up arrangement with other card issuing banks/NBFCs. Urban cooperative banks (UCBs) with minimum networth of Rs 100 crore and a core banking solution in place can also issue credit cards after RBI approval.
RBI issues master directions for issuance of credit cards: What cardholders should know
For the issuance of credit and debit cards, the Reserve Bank of India (RBI) has issued master directions. Here are some key points to keep in mind if you own a credit card.
Trai suspends unsolicited commercial communication norms for seven days
“We are concerned about any customer inconvenience caused and have ordered a 7-day temporary suspension of the SMS scrubbing which was activated on Monday,” a senior Trai official told ET.
Strictly implement regulations to curb unsolicited commercial calls, HC tells Trai
The high court also directed the telecom service providers (TSPs), which included state-run Bharat Sanchar Nigam Ltd (BSNL), Reliance Jio, Airtel and Vodafone, to ensure they strictly comply with the Telecom Commercial Communications Customer Preferences Regulations (TCCCPR) 2018 issued by Trai.
Dear world, stop bombarding investors with mails, messages and unsolicited advice
By sending too many statements, too much information, too much knowledge, and works too hard to grab the attention towards the endless string of new products that have to be sold. This complicates the will of keeping financial life simple.
Imposed financial disincentives on telcos for not stopping unsolicited commercial communications: TRAI to HC
It has further said that financial disincentives to the tune of Rs 1.33 crore, Rs 1.82 crore, Rs 1.41 crore and Rs 14.99 lakh were imposed on Airtel, Vodafone, Quadrant Televentures and Reliance Jio, respectively.
Take action against those not complying with regulations on unsolicited communications: HC to TRAI
The court noted that TRAI's counsel has shown some definitions of provisions but said they are of no use if no action is to be taken by the telecom regulator after issuance of show cause notices.
Forensic auditor probing debit card data breach: Government
As many as 1,328 cases (Rs 6 crore) related to ATM/Debit Cards, and 18 cases (Rs 1 crore) involving internet banking were reported during the period.
'Close' your credit card rows; 'settled' status a red flag for future lenders
While the 2" x 3" piece of plastic in your wallet means convenience, if not used with care, they can be a recipe for financial disaster.
Banks may cut interest on credit card overdues
The average monthly credit card spend has gone up 28.5% from Rs 12,035 crore a month in FY14 to Rs 15,470 crore a month (April-October 2014).
3,763 complaints against banks on credit card charges: Minister
In another separate reply, Meena said PSBs invested Rs 16,118 crore in the mutual funds and stock market as at the end of September 2013.
RBI received large number of credit card complaints against SBI, ICICI Bank in FY12: Government
During FY12, RBI received 5,198 complaints against SBI, followed by ICICI Bank (1,211) and HDFC Bank (1,153), FM said.
How to redress your banking grievances
Around 24% of complaints received by the Banking Ombudsman offices are about disputes related to plastic money.
Finally, Trai hangs up on pesky unsolicited calls and SMSes
More than 850 million customers are expected to get relief from pesky calls and messages, selling everything rom real estate to weight loss solutions.
Freedom from unsolicited SMS in 6 weeks: Telecom Minister Kapil Sibal
Millions of mobile phone users will be able to get rid of the menace of unsolicited SMS in six weeks when DND number 1909 becomes operational.
RBI issues fresh guidelines on credit cards
The RBI on Friday warned banks and financial institutions to strictly follow its guidelines on credit cards regarding transparency in charging interest rates and levying other fees on customers or face penal action.
Par panel for capping of interest rates on credit cards
Concerned over the exploitation of credit card holders, a Parliamentary Committee has suggested that RBI should prescribe maximum interest rate that can be charged by banks from customers.
Credit card-related complaints increased to 17,648 in ’08-09
Customer complaints relating to credit cards amounted to 17,648, comprising 26% of the total complaints in 2008-09 and up 74% from the previous year.
Credit card complaints surged 74% in 2008-09: Banking Ombudsman
Credit card complaints such as overcharging and issuance of unsolicited cards shot up by a whopping 74 per cent during 2008-09, said the annual report of the Banking Ombudsman.
If your credit card is blocked
Query corner for banking.
‘Higher credit-card spends vital’
American Express CEO discusses the challenges for the credit card industry.
Lack of credit monitoring hits card repayments
Lack of proper credit monitoring, coupled with exponential growth in card issuances, has caused increase in late repayments. Guarding credit card | Elastic with plastic
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