The Reserve Bank of India’s (RBI) new rules for card payments will lead to a major shift in the payments industry, and provide a major boost to the Unified Payments Interface (UPI) and Bharat Bill Payments System (BBPS). With banks and payment gateways/aggregators implementing new infrastr...
xv. Form Factor is the physical or virtual instrument that can be used in place of a card to undertake a payment/banking transaction. xvi. Interest-Free Credit Period is the time period from the date of transaction to the due date of payment, wherein interest free payment c...
Credit guarantee cover goes from 5 crore to 10 crore for MSMEs, for startups from Rs 10 crore to Rs 15 crore. For well run exporter MSMEs for term loans to 20 crore rupees. Customised credit cards for micro enterprises registered on Udyam Portal. In the first year 10 lakh such cards w...
ix) Appointment of selected candidate will be subject his/her being declared medically fit as per the rules of the Bank.x) BIOMETRIC DATA- Capturing and VerificationThe candidate appearing for main on-line examination will be required to provide biometric data. The biometric data will be captured...
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SBI Cards and Payment Services has continued enhancing itsearly warning frameworkto identify and take action before customers go into delinquency, it said in its earnings call for the quarter ending on December 31, 2024 (Q3FY24-25). Both in Q3 and previous quarters, the credit card industry ...