While multiple cards can offer rewards and better credit access, mismanagement can lead to debt and credit score damage.
RBI feels that such perpetual lines of credit may encourage behaviour, which may be classified as evergreening of loans.
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Banking: Why do banks call you repeatedly to give you a credit card? What is the benefit? Is this a trap?The trend of credit cards is increasing rapidly in India. A credit card means a card in the hands of the user, with which he ...
The RBI has cautioned NBFCs on perpetual credit lines, citing risks of loan evergreening and financial instability, urging ...
A credit card is a valuable financial tool that helps manage unexpected expenses or make large purchases. However, the ...
Lines of credit are usually provided to individuals or small business owners. This product enables the borrower to withdraw ...
The Delhi High Court has notified NPCI regarding allegations by On4Off Trading of patent infringement. On4Off claims NPCI ...
Merchant payments now account for around 62 percent of all UPI transactions, up from 40 percent in January 2022 ...
Retail credit growth slowed to 12% in January 2025, down from 29% last year, with unsecured loans growing 9%, consumer ...
Credit card spends have increased by 10.8 per cent YoY to Rs 1.84 trillion in January 2025, latest data released by the Reserve Bank of India (RBI) showed.
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