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Reserve Bank of India has published directions to the banks and NBFCs (Non Banking Financial Corporations) for issuance of credit and debit cards. These guidelines will be effective from July 1, 2022, the guidelines apply to all the banks excluding payment banks, state co-operative banks, and district central co-operative banks. Apart from the banks, NBFCs which have been permitted by RBI to issue credit cards, will also have to follow the guidelines. A company’s board would also need to give its nod for the issuance and conduct of credit cards, and an audit Committee also needs to be set up to review their credit card operations on a half-yearly basis. KYC norms as issued by RBI from time to time, also need to be strictly adhered to in respect of all cards issued, including the co-branded cards. Scheduled Commercial Banks (SCBs) with net worth of Rs 100 crore and above are permitted to undertake credit card business either independently or in tie-up arrangement with other card issuing banks/NBFCs with the approval of their Boards. A NBFC registered with the RBI shall not undertake credit card business without prior approval of the RBI.
Who among the following is wife of Prashant?
Which of the following is one of the choices of David?
Six boxes P, Q, R, S, T and U are kept one above another. The bottommost box is numbered as 1 and the topmost box is numbered as 6. P is three boxes bel...
If S is related to China, N is related to Singapore similarly U is related to?
Statements:
Z ≤ Y < E < I; O > P > V > Q = I;
Conclusions:
I) Y > O
II) Q > Z
How many persons between the person whose birth year is 1964 and the person who works for Sbi Company?
Find the correct statement?
Which among the following box is placed adjacent to Box T and Box Y?
P likes which of the following colour/flower?