http://www.rupeetimes.com/news_advice/credit_cards Credit Cards News & Advice from rupeetimes.com (C) 2007 rupeetimes.com Fri, 28 Nov 2008 11:11:24 +0530 The Indian industry may face the hitch of rising short-term trade credit. The short term trade debt in the country that is to be settled by March 2009 amount to Rs 3.69 lakh crore and out this Rs 2 lakh crore seem to be in the trouble zone.Short-term trade credit is the buyers and suppliers credit w... http://www.rupeetimes.com/news/credit_cards/shortterm_trade_credit_a_problem_for_the_industry_1893.html 12345678901893 Fri, 28 Nov 2008 10:36:20 +0530 The rising default and liquidity crunch has prompted the credit card issuers in the country to slow down on their credit card business. The major credit card companies are now reducing the credit limit of the existing customers.The leading banks in the country including ICICI Bank, SBI Card, Citiban... http://www.rupeetimes.com/news/credit_cards/credit_cards_holders_face_crunch_in_their_credit_limits_1889.html 12345678901889 Tue, 25 Nov 2008 11:24:07 +0530 ICICI Bank was directed by the West Bengal State Consumer Dispute Redressal Commission to compensate for harassing a customer by asking to pay interest rate without the loan being granted.Kolkata based Sri Kalyan Kumar Sur, a customer with ICICI bank was repeatedly asked to pay interest on a loan wh... http://www.rupeetimes.com/news/credit_cards/icici_asked_to_compensate_for_claiming_interest_for_an_unavailed_loan_1878.html 12345678901878 Mon, 24 Nov 2008 11:21:03 +0530 A credit card racket has been disclosed by the police in the country's capital, New Delhi. The police have arrested three people in association with the scam and discovered around 200 fake cards in their possession. All these cards have been seized.The Crime Branch in the city has taken three accuse... http://www.rupeetimes.com/news/credit_cards/three_held_in_capital_for_credit_cards_scam_1869.html 12345678901869 Thu, 20 Nov 2008 12:08:49 +0530 Country's largest lender, ICICI Bank declares that its advances are likely to rise by only 15% for this year. This figure is a sharp dip from the 55% loan growth reported by the bank two years back.As on September 30th, the end of second quarter, ICICI clocked only 7.2% growth in its loan portfolio... http://www.rupeetimes.com/news/credit_cards/icici_views_a_15_growth_in_its_loan_book_1860.html 12345678901860 Wed, 19 Nov 2008 10:46:49 +0530 In its prime task of providing adequate liquidity in the system, RBI may take fresh measures so that it can push economic growth in the country.The Reserve Bank of India Deputy Governor, Rakesh Mohan said: "Given the kind of problems taking place in [the] global economy because of problems in other... http://www.rupeetimes.com/news/credit_cards/rbi_ensures_adequate_liquidity_to_push_growth_1856.html 12345678901856 Fri, 14 Nov 2008 09:55:32 +0530 The festive season that has just passed by has given a reason to smile to the credit card issuers in the country. Banks have recorded a higher consumer spending in the month of October as compared to the same period a year ago. This growth has been seen during the period preceding Diwali.Credit card... http://www.rupeetimes.com/news/credit_cards/banks_record_increased_growth_in_credit_card_transactions_1842.html 12345678901842 Wed, 12 Nov 2008 11:47:20 +0530 The Indian Banks' Association, Standard Chartered Bank, HSBC and Citibank had appealed the Supreme Court against National Consumer Commission order that directs the banks on not exceeding their interest rates beyond 30% per annum. The appeal has been admitted by the Supreme Court.However a consumer... http://www.rupeetimes.com/news/credit_cards/supreme_court_admits_banks_request_on_credit_card_rates_1834.html 12345678901834 Wed, 12 Nov 2008 11:09:55 +0530 Public sector banks are planning to raise the salaries of their employees who have striked several times to press on their demands of salary revisions and improvement of pension scheme.The PSU banks comprise of 80% share of the market and this move is likely to benefit an estimated staff of around 7... http://www.rupeetimes.com/news/credit_cards/psu_banks_to_raise_employees_salaries_1832.html 12345678901832 Tue, 11 Nov 2008 11:23:01 +0530 Using plastic money for tanking up your vehicle is now as common as it can get. All credit cards floating in the market can be used to purchase petrol in any petrol pump.However a fuel surcharge is imposed on the consumer if he uses a credit card option to buy fuel. When payment of fuel at petrol pu... http://www.rupeetimes.com/article/credit_cards/petro_cards_101_a_detailed_guide_1829.html 12345678901829