Information Education and Entertainment
Information Education and Entertainment
This circular is aimed at providing general guidance to banks/NBFCs on their credit card operations, and the systems and controls expected of them in managing their credit card business. It also sets out the best practices that they should aim to achieve.
The Billion Dollar question about increasing Credit Card debt in India is whether it is growing confidence or deleting savings. While it is good to spend via Credit Cards , if it is for an offer or reward points .To use Credit cards for extravagant spending might people towards debt. Credit limit utilization shall not be more than 20% of total limit at any time. If it is increasing more than 20% , it is a danger alarm .
NPCI has allowed Credit Card Transactions on UPI Platform which was not enabled on Credit Card till date .Only Net Banking and Debit Card were the mode of transactions for UPI Platform.
The Finance Bill 2023 Was Tabled in Parliament by India’s Finance Minister Smt. Niramla Sitharaman on 24th March 2023.Here are the Key Amendments passed in the Finance Bill.
Cyber Fraud in the Era of Digitalization is one of the Rampant Crimes Happening all over the World. Specially in a Country Like India where 70 Percent of Population is Young it is very important to keep tab on online Activities and effective use of Online Steps in order to ensure a safe internet usage experience