bank

15 Jul

Mastercard ban: RBL Bank’s credit card issuance to take hit, switches to Visa

editor0 CommentsBusiness, Indiabank, Business

RBL Bank said that its credit card issuance rate will be impacted post the Reserve Bank barring Mastercard Asia Pacific from onboarding new credit, debit and prepaid card customers with effect from July 22. RBL Bank, which currently issues credit cards on the Mastercard network only, said it has entered into an agreement with Visa Worldwide on Wednesday to issue credit cards enabled on the Visa payment network. The bank expects to start issuing credit cards on the Visa payment network post the technology integration, which is expected to take 8 to 10 weeks. “Our bank’s current run rate of…

19 Mar

The rise in the number of digital transactions at the bank was largely driven by pick up in e-commerce during the pandemic-induced lockdown, which restricted movement, SBI Chairman Dinesh Khara said.

editor0 CommentsNorth Eastbank, ECONOMY, INDIA, sbi

The country’s largest lender State Bank of India has seen a perceptible increase in the number transactions happening at its multiple digital channels, with the percentage moving from 60 per cent in the pre-pandemic period to 67 per cent currently, Chairman Dinesh Khara said. The rise in the number of digital transactions at the bank was largely driven by pick up in e-commerce during the pandemic-induced lockdown, which restricted movement, he said. “When e-commerce picked up, it was actually the digital channels we are offering that got wider currency and acceptability. That is one of the reasons our digital transactions have…