Customer Credit Rbi
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RBI Consolidates Instruction On Credit Information Of Customers
The RBI on Monday came out with a master direction consolidating various instructions issued to banks and other financial institutions on reporting of the credit information of their customers.
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New Customers Welcome At Branches: Kotak Mahindra Bank After RBI Rap
Hours after the RBI prohibited Kotak Mahindra Bank from onboarding new customers online and issuing fresh credit cards, citing issues with the company's data security and IT infrastructure, the bank has said it is adopting new techonologies.
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Should Existing Kotak Mahindra Bank Customers Be Worried Over RBI Curbs?
Kotak Mahindra Bank must immediately stop onboarding new customers through its online and mobile banking channels and issuing new credit cards, the Reserve Bank of India said as it flagged "serious deficiencies and non-compliances".
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RBI Curbs On Kotak Mahindra Bank: No New Online Customers, Credit Cards
Citing data security concerns, the Reserve Bank of India has barred Kotak Mahindra Bank from onboarding new customers online and issuing new credit cards with immediate effect. The bank can, however, continue to serve its customers
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RBI Asks These 2 Banks To Stop Adding Customers To Co-Branded Credit Cards
India's central bank has asked South Indian Bank and Federal Bank to stop adding new customers to their co-branded credit cards, the lenders said in separate stock exchange filings on Wednesday.
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RBI Tells Credit Card Issuers To Give Customers Options To Choose Networks
Reserve Bank Of India on Wednesday said issuers of credit cards shall not enter into any arrangement or agreement with card networks that restrain customers from availing the services of other networks.
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"Your Money Is Safe": Paytm Payments Bank To Customers After RBI Curbs
The Paytm Payments Bank on Friday assured its customers that their "money is safe" with the company, two days after the Reserve Bank of India (RBI) issued a directive restricting it from accepting new deposits or allowing credit transactions.
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RBI Restricts Paytm Payments Bank From Taking New Deposits, Credit Transactions
The Reserve Bank of India on Wednesday restricted Paytm Payments Bank Ltd from taking fresh deposits and credit transactions across its services, due to non-compliance of regulations and supervisory concerns.
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Paytm Payments Bank Can't Offer Services, Including Wallet, After Feb 29: RBI
The Reserve Bank of India on Wednesday barred Paytm Payments Bank Ltd from accepting deposits or allowing credit transactions, or top-ups, in customer accounts or prepaid instruments - like FASTags - linked to those accounts, after Feb 29.
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Flipkart to Distribute Axis Bank Personal Loans of Up to Rs. 5 Lakh Amid RBI Concerns on Unsecured Lending
Walmart-owned Flipkart on Friday announced that it will be distributing Axis Bank's personal loans on the e-commerce platform. The platform, which has 450 million customers, will be distributing loans of up to Rs 5 lakh which can be repaid in up to three years, it said in a statement.
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RBI Allows Linking Credit Cards With UPI for Easy Transaction, to Start With RuPay
The Reserve Bank of India (RBI) gave its nod to link credit cards with the unified payments interface (UPI) to enable more people to make payments using the popular platform. RBI Governor Shaktikanta Das proposed to begin the linking with RuPay credit cards.
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New RBI Rules on Online Card Transactions to Now Take Effect From July 1, 2022
Under RBI guidelines, e-commerce platforms such as Amazon or Flipkart won’t be able to save customers’ card details any longer. Customers will have to enter their card details every time they carry out an online transaction. However, to avoid the hassle, customers can choose to tokenise their cards. Here are 10 key takeaways on the change.
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RBI Asking Companies to Not Save Customers Card Details Said to Hit E-Commerce, Food Delivery
RBI’s guidelines that prohibit companies from saving card details of customers and that are soon to come into effect will hit e-commerce and food delivery firms, industry sources and bankers say.
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RBI's Auto Debit Rules Have Become Effective. Know More About Them Here
Customers will need to re-register themselves with each of their payment instruments, whether it is a debit or a credit card
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After The Big Mastercard Ban, What Next? 10-Point Update
A day after the Reserve Bank of India (RBI) barred Mastercard from adding new customers in India from July 22, RBL Bank announced it has signed up Visa Inc for its credit cards. RBI says Mastercard violated rules that require foreign card networks to store India-related payments data only in the country.
-
RBI Consolidates Instruction On Credit Information Of Customers
The RBI on Monday came out with a master direction consolidating various instructions issued to banks and other financial institutions on reporting of the credit information of their customers.
-
New Customers Welcome At Branches: Kotak Mahindra Bank After RBI Rap
Hours after the RBI prohibited Kotak Mahindra Bank from onboarding new customers online and issuing fresh credit cards, citing issues with the company's data security and IT infrastructure, the bank has said it is adopting new techonologies.
-
Should Existing Kotak Mahindra Bank Customers Be Worried Over RBI Curbs?
Kotak Mahindra Bank must immediately stop onboarding new customers through its online and mobile banking channels and issuing new credit cards, the Reserve Bank of India said as it flagged "serious deficiencies and non-compliances".
-
RBI Curbs On Kotak Mahindra Bank: No New Online Customers, Credit Cards
Citing data security concerns, the Reserve Bank of India has barred Kotak Mahindra Bank from onboarding new customers online and issuing new credit cards with immediate effect. The bank can, however, continue to serve its customers
-
RBI Asks These 2 Banks To Stop Adding Customers To Co-Branded Credit Cards
India's central bank has asked South Indian Bank and Federal Bank to stop adding new customers to their co-branded credit cards, the lenders said in separate stock exchange filings on Wednesday.
-
RBI Tells Credit Card Issuers To Give Customers Options To Choose Networks
Reserve Bank Of India on Wednesday said issuers of credit cards shall not enter into any arrangement or agreement with card networks that restrain customers from availing the services of other networks.
-
"Your Money Is Safe": Paytm Payments Bank To Customers After RBI Curbs
The Paytm Payments Bank on Friday assured its customers that their "money is safe" with the company, two days after the Reserve Bank of India (RBI) issued a directive restricting it from accepting new deposits or allowing credit transactions.
-
RBI Restricts Paytm Payments Bank From Taking New Deposits, Credit Transactions
The Reserve Bank of India on Wednesday restricted Paytm Payments Bank Ltd from taking fresh deposits and credit transactions across its services, due to non-compliance of regulations and supervisory concerns.
-
Paytm Payments Bank Can't Offer Services, Including Wallet, After Feb 29: RBI
The Reserve Bank of India on Wednesday barred Paytm Payments Bank Ltd from accepting deposits or allowing credit transactions, or top-ups, in customer accounts or prepaid instruments - like FASTags - linked to those accounts, after Feb 29.
-
Flipkart to Distribute Axis Bank Personal Loans of Up to Rs. 5 Lakh Amid RBI Concerns on Unsecured Lending
Walmart-owned Flipkart on Friday announced that it will be distributing Axis Bank's personal loans on the e-commerce platform. The platform, which has 450 million customers, will be distributing loans of up to Rs 5 lakh which can be repaid in up to three years, it said in a statement.
-
RBI Allows Linking Credit Cards With UPI for Easy Transaction, to Start With RuPay
The Reserve Bank of India (RBI) gave its nod to link credit cards with the unified payments interface (UPI) to enable more people to make payments using the popular platform. RBI Governor Shaktikanta Das proposed to begin the linking with RuPay credit cards.
-
New RBI Rules on Online Card Transactions to Now Take Effect From July 1, 2022
Under RBI guidelines, e-commerce platforms such as Amazon or Flipkart won’t be able to save customers’ card details any longer. Customers will have to enter their card details every time they carry out an online transaction. However, to avoid the hassle, customers can choose to tokenise their cards. Here are 10 key takeaways on the change.
-
RBI Asking Companies to Not Save Customers Card Details Said to Hit E-Commerce, Food Delivery
RBI’s guidelines that prohibit companies from saving card details of customers and that are soon to come into effect will hit e-commerce and food delivery firms, industry sources and bankers say.
-
RBI's Auto Debit Rules Have Become Effective. Know More About Them Here
Customers will need to re-register themselves with each of their payment instruments, whether it is a debit or a credit card
-
After The Big Mastercard Ban, What Next? 10-Point Update
A day after the Reserve Bank of India (RBI) barred Mastercard from adding new customers in India from July 22, RBL Bank announced it has signed up Visa Inc for its credit cards. RBI says Mastercard violated rules that require foreign card networks to store India-related payments data only in the country.
