Sunday, November 3, 2024

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News Reports

What happened to Kotak Mahindra Bank? RBI orders it to stop issuing credit cards and onboarding new online customers: Here is what it means

OpIndia Staff -
RBI bars Kotak Mahindra Bank from onboarding new customers through online, mobile banking; issuing new credit cards
News Reports

This will be a game changer for the payments industry: Payments Council of India welcomes RBI allowing tokenisation of cards through banks

ANI -
The Payments Council of India (PCI), a representative body of the non-banking payment industry in India, welcomed the RBI's move to enable the issuing of tokens for cards via internet and commercial banks.
OpIndia Explains

20% TCS on international credit cards: What it is, why it was needed, and how it will impact foreign visits – everything you needed...

Raju Das -
The abolition of rule 7 of the FEMA (CAT) Rules, 2000 means that credit card payments made while travelling abroad will attract 20% TCS

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