NEWS & ADVICE : CREDIT CARDS
Restrictions from RBI to spoil this festive season
By Ankit Sharma
Oct 25, 2013
Print    Email    RSS   

The reduction in consumption, along with RBI's dogmatic statement and the aid from the government, along with the EMI at zero percent schemes on credit cards, is supposedly going to spoil the festive season. Banks, in the business, say that development in October over September is liable to be just around 10 for every penny as against a 16 and 18 for every penny development enlisted in October and November 2012 over that in September 2012.

During the first half, the increase in credit use climbed altogether over that enlisted in the past year however it went down in-between the months of July and August. Assuming that the year-on-year development in the six-month period between January and June 2013 stood at 27 for every cent, it slipped throughout July and August to 12 percent.

Brokers are, on the other hand, have a hope, that in a month, development ought to be over as they may have the ability to run ahead with the zero for every penny Emi plan. They are executing procedural progressions that will align their framework with the transparency prescriptions of RBI.


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
How to select a co-branded credit card?
CIBIL and its role in credit risk management
The ABN AMRO One Card
5 steps to avoid credit card debt and...
Guide to get a an auto insurance claim...


Radhey@09646870399 @Escoℛts In#Chandigarh...
Radhey@09646870399 @Escoℛt In#Chandigarh...
Radhey@09646870399 @Call#Giℛls In#Chandigarh...

NEWS THIS WEEK
91st Founders day of the Karnataka Bank Feb 18, 2015
Banks on strike from 25th February Feb 16, 2015
SBT bank postponed the Open House meet Feb 13, 2015
Yes bank planning to line up for credit card portfolio Feb 12, 2015
Pocket banking – new app by ICICI bank Feb 11, 2015
News Archive