Closing credit card with EMI does not erase repayment duty
Closing a credit card does not end your repayment obligations, experts say, even if the card has an outstanding EMI. The repayment continues until the full amount is cleared, subject to the…
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PNB to launch wealth management services by December
Punjab National Bank will roll out wealth management services by December to boost non-interest income, MD and CEO Ashok Chandra said. The bank deployed 1,700 customer relationship managers across branches six months…
RBI bars banks from locking devices for loan recovery from January 2027
The Reserve Bank of India has issued new rules barring banks and NBFCs from locking borrowers' phones, laptops or tablets to recover unpaid loans, effective January 1, 2027. Recovery agents are also…
Mint ranks top travel credit cards after reward cuts
Mint has released its annual ranking of the best travel-focused credit cards, factoring in recent reward devaluations by banks. Cards are divided into those for annual spends of Rs 10-15 lakh and…
RBI revolving credit ban hits Bajaj Finance, Tata Capital
Shares of Bajaj Finance and Bajaj Finserv lost nearly Rs 55,000 crore in market cap after the Reserve Bank of India proposed to bar non-banking finance companies (NBFCs) from offering revolving credit…
Income Tax Dues Can Be Paid Using Credit Cards, With Charges
Taxpayers can pay certain income tax dues, including advance tax, self-assessment tax and outstanding demand, through credit cards on the income tax department’s e-filing portal. Payments can be made through the e-pay…
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