The Hindu Business Line : SBH unveils general credit card

The State Bank of Hyderabad (SBH) has announced the launch of general credit card here. In a press release, the bank said the credit card was aimed at its customers in rural and semi-urban areas. The idea is to provide hassle-free credit based on assessment of cash flow. Customers with more than three years standing having sizeable deposit or loan accounts that are classified as standard assets are eligible for credit facility, with a maximum limit of Rs 25,000. The credit facility would be in the nature of revolving credit. The cardholders would be entitled to draw cash from the specified branch up to the limit sanctioned, the release said.

More Stories on : Credit Cards & Debit Cards | Public Sector Banks

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Impressive command over economic complexities

Code of conduct for insurance agents on anvil

Case for deregulating S/B interest rates

Andhra Bank firms up Gulf expansion plan

Rs 175.45-cr aid for 75 projects in AP

Bonds bearish; PSBs keen to trim tenure

Time limit extended for investments in bonds

`Sustainable micro financing needs governance, regulation'

SBH unveils general credit card