Kumar Karpe, chief executive officer (CEO), TechProcess Payment Services, an electronic payments services firm, remembers the harrowing experience of a person who used his credit card in the US. Even after he came back to India, his card was used again.
Has your home loan application been rejected by your bank? Are you annoyed because you don't know the reason for the rejection? You have never defaulted on any loan repayment, you have always paid your bills on time, and you have submitted all
Individual borrowers and consumers can take heart from a couple of key provisions in the Insolvency and Bankruptcy Code Bill passed by Parliament - the provision to start their lives afresh after being declared bankrupt.
Banks are aggressive pushing you to opt for the equated monthly instalments (EMIs) for repayment of credit card expenses. And just after you swipe the credit card for an expense, there is an SMS alert encouraging you to use this option.