http://www.rupeetimes.com/news_advice/credit_cards Credit Cards News & Advice from rupeetimes.com (C) 2007 rupeetimes.com Fri, 19 Mar 2010 13:03:27 +0530 Credit Information Bureau of India (CIBIL) has joined hands with 31 leading micro finance institutions (MFIs) of the country to build up credit information bureau for MFIs.The MFIs are a part of the Micro Finance Institutions Network (MFIN). MFIN has recently been set up as a regulatory body of the... http://www.rupeetimes.com/news/credit_cards/cibil_and_31_microfinance_institutions_unite_to_set_credit_bureau_3363.html 12345678903363 Fri, 19 Mar 2010 11:09:56 +0530 Mahindra finance, the financial services arm of the multi crore financial arm of the Mahindra Group has launched a new product ‘Loan against gold' in Kerala.MMFSL Vice-Chairman Uday Phadke said that the product has been designed so that customers are able to receive loans against gold ornament... http://www.rupeetimes.com/news/credit_cards/loan_against_gold_a_new_scheme_launched_by_mahindra_3360.html 12345678903360 Thu, 18 Mar 2010 11:02:24 +0530 The card subsidiary of Life Insurance Corporation (LIC) of India named LIC cards has set an aim of generating credit card sales worth Rs. 5 lakh in the upcoming financial year. This target, if achieved would lead to half a million card sales for the company.The company has built a customer base of 5... http://www.rupeetimes.com/news/credit_cards/lic_targets_half_million_credit_card_sales_next_year_3355.html 12345678903355 Wed, 17 Mar 2010 10:18:28 +0530 The credit customer seems to be in distress with all guidelines being drawn in favor of the issuer. Customer has no longer remained the entity of prime importance especially in the credit card business.The resultant of all this is the depreciating customer base and inflating number of customer compl... http://www.rupeetimes.com/news/credit_cards/credit_card_woes_pose_as_never_ending_pain_3346.html 12345678903346 Tue, 16 Mar 2010 10:06:42 +0530 Banking sector is soon going to spread its wings in the field of IT too. The third largest lender of the country, Punjab National Bank (PNB) is soon to set up an IT subsidiary so as to provide technology related assistance to the financial sector of the country.The bank's chief general manager, Mr.... http://www.rupeetimes.com/news/credit_cards/it_and_banking_tie_wedlock_pnb_to_open_it_subsidiary_3339.html 12345678903339 Mon, 15 Mar 2010 09:54:51 +0530 The Indian economy is on a growth track again as is evident from the rise in spending levels of individuals. The data collected on credit card spending from October 2009 to January 2010 by the Reserve Bank of India has revealed the fact.The quarter ended on December 2009 showed that the average cred... http://www.rupeetimes.com/news/credit_cards/credit_card_spending_swings_up_signs_of_economic_turnaround_3332.html 12345678903332 Fri, 12 Mar 2010 11:06:27 +0530 The largest private sector lender of the country, ICICI Bank has stopped its lifetime free credit card scheme. With this step the bank has gestured a change in consumer banking strategy.The lifetime free credit card scheme had been launched by the bank way back in August 2005. It was a drive by the... http://www.rupeetimes.com/news/credit_cards/credit_cards_no_more_free_for_icici_3330.html 12345678903330 Thu, 11 Mar 2010 11:05:36 +0530 The banks in Punjab have decided to adopt a block in each district following the slow progress of the ‘Debt Swap Scheme'.This step has been taken to free the farmers from the clutches of money lenders who harass them by charging preposterous rates for loans.Punjab National Bank, the leading ba... http://www.rupeetimes.com/news/credit_cards/banks_in_punjab_come_to_aid_the_farmers_trapped_in_the_clutches_of_money_lenders_3322.html 12345678903322 Wed, 10 Mar 2010 11:41:26 +0530 Yet another case of credit card fraud has been revealed by the police. Five people consisting of three Nigerians and two Indians have been arrested on 8th April 2010 and have been remanded to fourteen days of police custody by a city court.Three Nigerians namely Peter Orenabi Olunwagbenga, Benson Ol... http://www.rupeetimes.com/news/credit_cards/another_credit_card_fraud_3_nigerians_and_2_indians_nailed_3317.html 12345678903317 Tue, 09 Mar 2010 10:30:53 +0530 This women's day, the financial services companies have taken a step towards increasing women participation in money matters.The Indian society still suffers from the stigmata of gender bias. Money and financial matters are still kept as a man's business and not a concern of the female counterpart.T... http://www.rupeetimes.com/news/credit_cards/financial_services_companies_salute_women_on_womens_day_3308.html 12345678903308