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Kotak buys Barclays' stressed credit card portfolio Kotak Mahindra Bank has acquired the non-performing portfolio of Barclays Bank's credit card business in India. The deal, experts said, gives momentum to the sale of stressed loan market in the country which has been having a dry run following stringent regulatory norms introduced in 2007. www.rediff.com
Citigroup becomes first global bank to flood China with credit cards Beijing, Feb 7(ANI): Citigroup (c) is set to become the first global bank to issue its own credit cards in China. in.news.yahoo.com
Israeli hacker publishes credit card details of Saudis TEL AVIV : An Israeli hacker has published the credit card details of hundreds of Saudi nationals after a similar move by anti-Israel hackers last week, local media reported on Wednesday. www.newkerala.com
Credit card transaction value up 14.4% in Nov Credit card transactions carried out in November, 2011 were worth Rs 7,920 crore, up 14.4% from that in the same month last year, signifying more transactions through electronic means of payment. www.business-standard.com
Have a bad credit history? Here's a loan just for YOU! Just because you have some blemishes on your credit score card or an uneven income stream shouldn't disqualify you from getting a personal loan. www.rediff.com
YES Bank ties up with Buldana society for doorstep service YES Bank, which is keen to enhance its priority sector lending, has tied up with the Buldana Urban Cooperative Credit Society to help the Society with its new customer service initiative entailing door-step para-banking services. www.thehindubusinessline.com
MasterCard doubles quarterly dividend REUTERS - MasterCard Inc doubled its quarterly dividend to 30 cents a share, a week after the world's second-largest credit and debit card processing network posted strong quarterly results. The dividend raise comes five years after the company's last such move in 2007 to 15 cents from 9 cents. The cash dividend will be paid on May 9 to holders of record of Class A and Class B common stock as of ... in.news.yahoo.com
PHOTOS: Politicians CAUGHT surfing porn in office Being caught surfing porn online is, perhaps, the most embarrassing moment in a lifetime. But how does one explain lawmakers caught in the act, that too in office? www.rediff.com
2 Sri Lankans held for credit card fraud Two Sri Lankan nationals, who allegedly cloned credit cards using information pertaining to customers of banks abroad were arrested here on Wednesday. Seventy fake cards and Rs.1.16 lakh in... www.thehindu.com
Credit cards: RBI keen on ‘zero liability' to customer Business Line Mr G. Padmanabhan, Executive Director, RBI (left); along with Mr A. K. Jagannathan, MD and CEO, Tamilnad Mercantile Bank, and Mr M. Balakrishnan, COO, National Payment Corporation of India, at the launch of Mobile Banking in TMB, in Chennai on Monday. www.thehindubusinessline.com
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