RBI loan ban: The Reserve Bank of India (RBI) has implemented stringent measures impacting banks and non-bank financial institutions to address burgeoning consumer credit risks. Fitch Ratings highlighted these changes as a credit-positive step. Concerns arose due to the surge in unsecured credit card and personal loan growth, prompting regulatory action.
RBI New Rules: The Reserve Bank of India (RBI) has introduced a new rule on the levy of charges or fees on forex prepaid cards, store value cards, travel cards, etc, that are payable in the country. Indians usually use forex prepaid cards, store value cards, travel cards etc while visiting foreign countries., Personal Finance News, Times Now
RBI announces new rules for credit, debit cards, check here - Card issuers can now consider an insurance cover for liabilities arising out of lost credit cards, or credit card frauds.
State Bank of India Alert: SBI customers will need THIS for cash withdrawals from ATMs - SBI customers trying to withdraw an amount of Rs 10,000 and above will have to use the OTP provided by the bank.