The Reserve Bank of India (RBI) directed lenders Thursday to establish a mechanism to monitor the end use of funds for business credit cards and prohibited them from sharing customers’ data with outsourcing partners. This is in the context of the RBI clamping down on unregulated co-branded partners working with banks and, in many cases,…
READ MOREMumbai: Lenders to the debt-laden Future Enterprises (FEL) are set to seek separate bids for the company’s insurance businesses in the hope of getting a better deal for its βΉ13,000 crore debt. Under the fresh bidding process, which is likely to be kicked off by the end of the month, lenders will run a fresh…
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