Tag Archives: credit card india

What Makes The Indian Middle Class Great?

The Indian Middle Class comprising 400 million people is the backbone of India’s economy, on which the world is betting for better investment returns. The Indian Middle Class is a unique mass of humanity not found anywhere else in the world, representative of certain typical Indian Values, which transcend regions, religions, castes and tribes, which are by themselves very diverse in India, and are a marketer’s dream in today’s consumption driven world economies. What makes the Indian Middle Class Great? Continue reading What Makes The Indian Middle Class Great?

Indian Banks decide to block all your credit cards if you default on one!

Customers with multiple credit cards will not be allowed to use any of them if they default on any one of them. Credit card companies have revised their terms and condition to implement this. This move has been initiated by ICICI Bank, which has already informed its customers about the upcoming change from 5th October 2009.Now the bank is authorized to block credit card on any other account of ICICI Bank after one defaults in any one of its multiple cards. Banks would not provide any additional notice for this action. Continue reading Indian Banks decide to block all your credit cards if you default on one!