RBI advises banks to issue debit, credit cards with photo
PrintListen to this Article
Banks have been advised by RBI to consider issuing debit and credit cards with photographs of the cardholders to prevent misuse of stolen cards, the Lok Sabha was informed today.
"Banks have been advised by the RBI that, with a view to reducing the instances of misuse of lost/stolen cards, they may consider issuing cards with photographs of the cardholders or any other advanced methods that may evolve from time to time," Minister of State for Finance Namo Narain Meena said.
He said in the written reply that as regards credit cards, banks have been advised by the RBI to also consider cards with PIN and signature laminated cards or any other advanced methods.
To another query, Meena said that as on March 31, 2012 loans disbursed by public sector banks to various power distribution companies was Rs 1,37,191 crore and total NPAs was Rs 6.98 crore. (PTI)
Category : RBI | Comments : 0 | Hits : 389
The Supreme Court on Friday set aside the rejection of an IRS officer’s candidature for appointment as a member of the Income Tax Appellate Tribunal (ITAT), ruling that the involvement of the th...
The Reserve Bank of India (RBI) on Friday unveiled a set of liquidity-boosting measures aimed at infusing more than $23 billion (around ₹2 lakh crore) into the banking system, after review...
RBI has issued draft rules to tighten dividend payouts by banks by linking distributions to capital adequacy, asset and profit quality, setting a uniform prudential framework effective from FY27. In t...
Comments