rbi

I have a sbi card which is 2 years old and they have converted it to LTF. I recently applied for sbi BPCL card (499rs variant) but my application was declined. I mailed the customer support to reconsider my application and give exact reason for refusal. They are not giving any proper...

I recently encountered a concerning issue with BoBCard, which seems to be violating RBI guidelines on credit card activation and reporting. After applying for the Eterna Credit card, I got an approval, and the card was reflected in the banking app instantly. However, here’s where things went...

I have paid credit card bill of Rs100 on mobikwik through my Sbi debit card on 3 Sept to sbi credit card but the payment failed at mobikwik end. So mobikwik initiated refund of that transaction and on 9 Sept I received 100 rs refund. But as per RBI guidelines banks have to pay rs 100...

Hello All I had a Yes MC Reserv card which I got converted to ruPay variant and they charged me joining fees of 2k+ 18% GST. The statement date was 15th of every month and the card was issued on 4th July so I was ok with the joining fees charged on 15th July as I could easily get it reversed...

Direct Banks To Withdraw Cashback Offers On Ecommerce Platforms: CAIT To RBI: SUMMARY - CAIT’s Khandelwal said that the unhealthy nexus between the banks and ecommerce platforms has led to a drastic impact on traditional retailers In a separate letter written to commerce minister Piyush...

Axis - 1.9 Crore Penalty HDFC - 1.0 Crore Penalty 11Sep2024 news https://www.businessleague.in/rbi-imposed-heavy-fine-on-axis-bank-hdfc-bank-know-the-reason/?amp=1

Hello TFCians, Recently, I applied for the IDFC First Mayura Credit Card just for review purposes, as this card is not value for money, as I mentioned in my review article. I only planned to hold it for the first year. I've written a detailed review of this product, which you can check here...

Deposits of all scheduled banks declined in the reporting fortnight ended August 23 even as their advances recorded a robust growth, indicating that the gap between their growth continues to be wide. Deposit growth of all scheduled banks has been lagging credit growth in the last few quarter...

Starting September 6, credit cardholders in India will have the flexibility to choose their preferred card network (Mastercard, RuPay, or Visa) when applying for a new credit card or renewing an existing one. This change is a result of the Reserve Bank of India's (RBI) guidelines aimed at...

My parents have a current account in Yes Bank, which they requested to close around 1.5 years ago. They surrendered the debit card and cheque book, and the branch employee said everything was good to go and that the account would be closed soon. However, after a few days, they noticed that the...

I don't have/had any account ending with 0808 in ICICI Bank. However strangely I received below SMS yesterday from ICICI. I only had a personal loan w/icici and my RM also confirmed it's not mine and ignore. Should I ignore or should get it checked? No response from customer care .Dear...

This month I applied for IDFC credit card and completed VKYC then next day home verification done then 3days office verification done but suddenly 4days got an email of application rejection, then I wrote an email to PNO desk and asked the reason of declination but don't disclosed the reason...

After 3 months of fight, today i received a compensation of Rs 5000 from SBI cards...My luck with SBI is always strong. In 2019, SBI bank paid me Rs 10000 compensation for wrong loan entry in my CIBIL account. Regarding SBI cards, my case in short is as follows 1. I applied for SBI simply click...

Reserve Bank of India (RBI) governor Shaktikanta Das on August 26 explained the features of the central bank’s project for a public tech platform for frictionless credit that he said will now be called Unified Lending Interface (ULI). “We propose to now call the tech platform for frictionless...

https://www.livemint.com/money/personal-finance/rbis-new-credit-reporting-rules-what-they-mean-for-your-spending-limit-and-credit-score-11723962088561.html Now seems bank needs to update credit score daily to cibil or experian

RBI Ombudsman Order SBICARDS to compensate Rs 5000 as they rejected someone's SBI Cashback credit card: Note - this info is shared by one twitter user - ProfessorCardz Now you know what to do if your card is being rejected Process as explained by OP and I quote: "1.Save All Emails: When I...

https://www.thehindu.com/business/rbi-clears-e-mandate-for-auto-replenishment-of-fastag-ncmc/article68555086.ece So finally its here! No more hassle of topping up FastTag!!

edited th h h

India P2P has temporarily halted withdrawals and new investments on its platform following new RBI guidelines on NBFC-P2P lending, issued on August 16. The company informed customers that bulk withdrawals will be limited in compliance with these rules. It reassured that no non-compliance has...

https://m.rbi.org.in//Scripts/BS_CircularIndexDisplay.aspx?Id=12721 RBI noted : 'It has been observed that some of these platforms have adopted certain practices which are violative of the said Directions. Such practices include, among others, violation of the prescribed funds transfer...