SBI Card which is a subsidiary of the State Bank of India and operating as an NBFC is exploring the option of tying up with regional banks to expand its national footprint. SBI Card has forged alliance with United Bank of India and
Easy Credit Card Bill Payment
SBI Card has announced “Pay Cash” payment option for its customers through Easy Bill payment outlets in India. This
Rs 60 Million Credit Card Fraud in India
The Bangalore Police have informed us about a massive credit card fraud by a Gang of four. The amount involved is approximately Rs 60 Million.
The Gang under the kingpin D’souza, Mourise has cheated credit card divisions of ICICI Bank, HSBC, Deutsche Bank, Citibank and ABN Amro Bank. The gang’s modus operandi was to obtain credit cards under fictitious names producing fake salary slips, documents, identity cards and bank
Debit Cards grow Exponentially in India
Just like the growth of Mobile Phones in India, Debit Cards have witnessed exponential growth. According to a latest release by the RBI here are some facts of Debit Cards in India.
- 2 Million debit card customers are added every month
- The Debit Card user base in India now stands at 85 Million
- Debit Card user base has doubled in 2 years
- State bank of India has issued the largest number of debit cards – 30 million
- ICICI bank has issued
Credit Card Division in Trouble
The Credit Card division of the State Bank of India has committed crimes which has put the bank’s credibility in question. On the sidelines of a Right to Information [RTI] case it
Credit card Festival Offer – Top 500 Spenders
HDFC Bank Credit Card rep had called to let us know that they are running a promotion during this festival season – Top 500 spenders get 500 assured gifts every month between October-December,2007. [No Lucky Draws]
- Top 5 spenders – Club