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RBI’s new guidelines for credit, debit cards: NBFCs can now issue cards, and other key things to know

The Reserve Bank of India has published master directions to the banks and NBFCs (Non Banking Financial Corporations) for issuance of credit and debit cards this year. These guidelines will be effective from July 1, 2022, the RBI said, adding that the guidelines apply to all the banks excluding payment banks, state co-operative banks, and …

Bank Holidays January 2022: Banks to remain shut for up to 16 days in January; check list here

List of Bank Holidays in January 2022, Bank Holidays January 2022 in India: Banks in India will remain closed for up to 16 days in January 2022, including second and fourth Saturdays, and Sundays. Bank Holidays in January 2022 in India: Banks in India will remain closed for up to 16 days in January 2022, …

Banks’ microfinance gross loan portfolio grows, SFBs see de-growth: Report

The portfolio outstanding of microfinance sector stood at Rs 2.54 lakh crore as of March 2021, with 10% quarter-on-quarter growth and 8.4% year-on-year growth. The gross loan portfolio (GLP) of banks in the microfinance sector grew 15.5% year-on-year to Rs 1.06 lakh crore at the end of the previous fiscal while that of small finance …