Standard & Poor`s raises Greece`s credit rating to CCC+

Last Updated: Wednesday, July 22, 2015, 07:03

Standard & Poor`s on Tuesday raised Greece`s credit rating by two notches to CCC+ after the debt-laden country began paying billions of euros to its creditors and reopened its banks.

Citi ordered to pay $770 million over credit card practices

Last Updated: Wednesday, July 22, 2015, 06:35

Citigroup Inc`s consumer bank has been ordered to pay $700 million in relief to borrowers for illegal credit card practices, the U.S. Consumer Financial Protection Bureau said.

Citibank ordered to pay $700 mln over credit card practices

Last Updated: Tuesday, July 21, 2015, 22:22

Citigroup Inc`s consumer bank has been ordered to pay $700 million in relief to borrowers for illegal credit card practices, the U.S. Consumer Financial Protection Bureau said.

Govt spending to help boost credit growth: HDFC Bank

Last Updated: Tuesday, July 21, 2015, 19:35

HDFC Bank on Tuesday said the recent rate cuts by the Reserve Bank coupled with the government's efforts to kickstart infrastructure investments, will help drive the sagging credit growth in the industry.

RBI tightens norms for credit card billing

Last Updated: Thursday, July 16, 2015, 21:59

The Reserve Bank on Thursday asked banks to levy any late payment penalty on credit card customers, or report them to credit information companies, only if the payment has been due for more than three days.

RBI asks banks to meet farm credit limit amid weather concerns

Last Updated: Thursday, July 16, 2015, 19:31

The Reserve Bank on Thursday directed banks to ensure that their overall direct lending to farmers should not fall below the average of last three years, as government has expressed concerns over impact of recent adverse weather conditions.

S&P thinks India's sovereign rating will remain stable

Last Updated: Tuesday, July 14, 2015, 22:49

Global rating agency Standard and Poor's expects a stable trend in sovereign credit rating in Asia-Pacific nations, including India, despite growing economic uncertainties.

Uber restarts credit card payments in India

Last Updated: Monday, July 13, 2015, 12:42

According to the Techcrunch.com, the company has partnered with mobile payment processing company MobiKwik to resume card payment along with support for debit cards.

Axis Bank expects credit growth of 14% in FY16

Last Updated: Sunday, July 12, 2015, 13:40

The bank had recorded a loan growth of 22 per cent in the fiscal ended March 2015 while total deposit increased by 15 per cent during the year.

EU says MasterCard overcharges customers, retailers

Last Updated: Friday, July 10, 2015, 00:17

The EU said Thursday that US credit- card giant MasterCard overcharged customers and retailers, having already found rival Visa at fault over fees levied on card payments.

JPMorgan to pay over $125 million to settle US credit card debt probes

Last Updated: Wednesday, July 8, 2015, 10:46

The settlement also includes about $50 million in restitution, the sources said.

'Traders can pay fees using credit, debit cards from this week'

Last Updated: Tuesday, July 7, 2015, 15:21

Exporters and importers will be allowed to pay their fees and penalties through debit or credit cards from this week, a move aimed at further improving the ease of doing business in India.