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The RBI on Thursday issued a clarification on its exchange traded currency derivatives (ETCD) circular and has decided that these directions will now come into effect from May 3, 2024, instead of April 5 as was announced earlier.The RBI said ...
The Reserve Bank on Thursday deferred implementation of its directions on exchange traded currency derivatives (ETCD) linked to rupee by a month to May 3 in view of feedbacks received from stakeholders. A circular issued on January 5 on ‘Risk Management and Inter-Bank Dealings — Hedging of
A billing cycle or billing period is the time between two statement dates—the time when the bill for the ongoing month is generated
As per the latest notification, the RBI asked credit card issuers to provide customers an option to modify their credit card billing cycle at 'least once'.
Financial Literacy News: Credit cards offer a convenient means to manage finances and enhance financial well-being. By using credit cards responsibly, individuals can build a positive credit history and improve their financial habits.