HDFC Bank aims to regain lost market share in 1 year after RBI lifts credit card ban

Parag Rao, its group head for payments and consumer finance, digital banking and IT told reporters that the bank has set some milestones for itself as it seeks to re-enter the market. The first is to achieve monthly new credit card sales to 3 lakh, the number right before the ban in November 2020, Rao said, adding that the same will be achieved in three months.

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RBI may soon want you to memorise your 16-digit card number

The new norms would make it mandatory for customers to enter all their card details - name, 16-digit card number and expiry date, and CVV - every time they make an online payment. Right now, you only need to authenticate transactions through your CVV (card verification value) and OTP (one-time password (OTP).

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83% of RBI’s MPC statements had net negative sentiment : Study

Negative sentiment had dominated the statements of RBI’s Monetary Policy Committee (MPC) since its first meeting in October 2016 to the latest one in

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HDFC Bank, Paytm team up for digital payments

In this arrangement, HDFC Bank will be the payment partner and PayTM will provide its distribution and software. The Bank will make PayTM’s Android Point of Sale (PoS) systems available to its customers.

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Honda Cars ties up with Canara Bank to offer finance options to customers

Focuses on semi-urban to rural regions

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