Sunday, August 02 2026 | 11:58:13 PM

Matribhumi Samachar English

Breaking News

Dr. Chikkala Venugopal Rao Receives Business Excellence Award from Telangana Governor
Paper Industry must embrace Innovation, Sustainability & Collaboration to drive India’s Growth: Shri Nikhil Chakravarthy!
Sisters can now send Rakshabandhan across India and abroad in designer Covers and Boxes through Post Offices; Postmaster General Krishna Kumar Yadav released Special Rakhi Covers and Boxes
Clean Air Metals and Fiore-Backed Springbok Ventures Announce Strategic Business Combination
Builders Capital Mortgage Corp. Announces Receipt of Statement of Claim; Intends to File Vigorous Defence
Prospector Metals and Lightning Resource Corp. Provide Update on Transaction
Prospector Metals and Lightning Resource Corp. Provide Update on Transaction
Lion Copper & Gold Expands Strategic Land Position Associated with the Bear Project Area in the Yerington Copper District
Planet Based Foods Global Inc. Announces CFO Resignation, Appointment of Interim CFO, and Board Changes
Margaux REIT Announces Closing of Brokered Private Placement of Secured Debentures and First Tranche of Non-Brokered Private Placement of Units

Home / Tag Archives: how credit card late fees are calculated RBI

Tag Archives: how credit card late fees are calculated RBI

RBI Overhauls Credit Card Rules: No More Traps on Late Fees and CIBIL Scores

May 1, 2026 Business News

Infographic showing RBI credit card rules update comparing late fee calculation on total bill balance versus the new outstanding unpaid balance method.

Mumbai. Updated on : Sunday, 12 July 2026 The Reserve Bank of India (RBI) has officially restructured its Credit Card and Debit Card – Issuance and Conduct Directions to tackle rigid penalty frameworks that frequently push users into debt traps. The update targets the financial vulnerabilities consumers face due to technical …