RBI's push towards card security likely to hit merchants, lenders - industry sources

RBI's push towards card security likely to hit merchants, lenders - industry sources

RBI's push towards card security likely to hit merchants, lenders - industry sourcesDec 17, 2021, 03:24 PM IST

RBI issued guidelines in March 2020 saying that merchants will not be allowed to save card information on their websites to boost data security. It issued fresh guidelines in September 2021 giving companies until the end of the year to comply with the regulations and offering them the option to tokenise.

HDFC Bank's loan book to MSMEs crosses Rs 13,000 cr in Uttar PradeshDec 17, 2021, 03:09 PM IST

HDFC Bank had started offering loans to MSMEs in Uttar Pradesh in 2004, and in the last 17 years, it has given loans to 66,869 companies in the state, the lender said. These enterprises demonstrate the spirit of entrepreneurship that forms the backbone of economic growth. HDFC Bank has so far extended loans to MSME customers in more than 500 cities and towns covering 75 districts in the state of UP, it said.

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