The Banking Codes and Standards Board of India has issued a directive to all its commercial member banks to be more transparent with regards to retail loans.

Few specific directives that loan seekers should be aware of are:

1. Inform all those who avail Floating rate home loans, of the reference rate to which the floating rate is anchored.

Singapore Airlines with ICICI Bank have now launched a co-branded credit card- ICICI Bank Singapore Airlines Visa Platinum card in India. Singapore airlines, a south east Asian airline has launched a credit card first time in India.

When applying for a credit card following are the details to be noted:-

The Global banker HSBC , announced that it has selected Visa as its brand partner for new consumer debit cards to be issued in about 20 countries, including India.This deal would expand the relationship between two global leaders, HSBC and Visa.
The five-year regional agreement between HSBC and Visa hints at expansion of HSBC's current credit card issuing relationship with Visa.

Credit card is a piece of plastic that allows you to pay for services and sales even though you do not have cash in hand. The borrower is expected to make monthly payments on the outstanding balance to the credit card company. A credit card holder may pay just the minimum amount during the due date, usually once every month.

There are different kinds of fees that are charged in your credit card.Namely:

•Interest: Interest is generally expressed as an Annual Percentage Rate (APR), is the fee paid for the privilege of borrowing money. This fee is the price a person pays for the ability to spend money today that would otherwise take time to accumulate.

As time progresses, more and more people are joining the revolution called ‘Credit card’. Now you don’t need to worry about how much cash you have in your pocket when you go shopping, just carrying this small piece of plastic (credit card) is enough to assure you of a good shopping treat. So the number of credit card applications seems to be on the rise.

Credit Card Balance transfer is a facility offered to cardholders which enables them to transfer the existing outstanding or debt of one credit card to another one . The customer gets the benefit of transferring her outstanding from a higher rate to a lower rate. This saves some interest on the amount due on the previous card.

Vijaya Bank, was founded on 23rd October 1931 by late Shri A.B.Shetty and other enterprising farmers in Mangalore, Karnataka. The objective of the founders was essentially to promote banking habit, thrift and enterpreneurship among the farming community of Dakshina Kannada district in Karnataka State. The bank became a scheduled bank in 1958.

State Bank of India is the biggest bank in the country with a wide physical presence.
SBI also has an impressive product portfolio.

SBI Credit cards

SBI Personal Loans- rates , eligibility & documents

In 1998 saw a new opening for the Indian credit card users. GE Capital Services, the largest issuer of private label credit cards in the world and State Bank of India, the largest Indian bank created two companies to address the market: namely, SBI Cards and Payment Services Ltd. (SBICPSL) and GE Capital Business Process management Services ltd. (GECBPMSL). The joint venture was set up to leverage the brand equity, customer relationship and the unparalleled network of SBI and the technological processes and service capabilities of GE Capital to offer you products that are value for money and supported by quality and service.

Credit Cards are probably the most common form of "debt" that an individual takes. It might be surprising for some to hear about a Credit Card as a form of debt.

But look at the following scenario closely: