State bank of Indian credit cards and debit cards will be having the facility of IVR one time password” which is a step up level of security offered for the consumers of SBI cards, while transactions. SBI card holders can take up financial transactions through IVR and mobile phones and this ... Views: 4447
Citibank has witnessed maximum 92 frauds of cloning of debit/credit cards or use of fake cards involving over Rs 1.89 crore from 2007-08 to December 2010.
"Largest number of such frauds belong to Citibank from 2007-08 to December 2010...RBI's committee has suggested a number of steps ... Views: 498
The credit card spigot is opening again, due to aggressive new offers and improved consumer confidence. Credit card borrowing rose in December for the first time in over two years, according to the Federal Reserve. At the same time, financial uncertainty remains. Unemployment remains above 9 ... Views: 591
Risk is more than just a four-letter word, especially for India’s largest lender,State Bank of India (SBI). With an asset base of $352 billion (Rs16 trillion), accounting for a quarter of the assets in the Indian banking system, SBI has more than 13,000 branches. The IT infrastructure required ... Views: 636
Despite his run-ins with RBI, the State Bank of India chairman has managed to keep the public sector behemoth ahead of peers. The chairman’s angst sums up the public display of the uneasy relationship between the country’s largest bank — State Bank of India — and the Reserve Bank of India (RBI), ... Views: 690
Finance minister Pranab Mukerjee is set to spring a surprise on personal income-tax payers hurt by a sharp increase in prices. He could lighten the tax burden for those with an annual income of Rs 5 lakh by Rs 7,660 a year to compensate them for the increase in cost of living. The sum saved will ... Views: 500
In the run-up to the Union Budget next month, the real estate industry is hoping the sector will finally get its due, with simplified taxes, subsidised home loan, and much more. Anuj Puri, Chairman and Country Head, Jones Lang LaSalle India says, "The Union Budget rolls around every year, and ... Views: 532