Accountancy, asked by mohan199863, 2 months ago

As per RBI guidelines for credit card operation the credit card can be issued by​

Answers

Answered by ravikrishnan6328
1

Answer:

Banks can do so with the approval of their Boards. However, only banks with networth of Rs. 100 crore and above should undertake credit card business. Banks desirous of setting up separate subsidiaries for undertaking credit card business would, however, require prior approval of the Reserve Bank.

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