The Credit Card Business for NBFCs
RBI Directions on Credit Cards and Co-branded Credit Cards issued by NBFCs
- Aanchal Kaur Nagpal | Assistant Manager (finserv@vinodkothari.com)
With the objective to provide general and conduct regulations relating to credit, debit and co-branded cards to banks and NBFCs, RBI, on April 21, 2022, has issued the Reserve Bank of India (Credit Card and Debit Card – Issuance and Conduct) Directions, 2022[1] (‘Directions’), to be applicable with effect from 1st July, 2022.
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