Google expected to have carrier billing tie up with Airtel

Google in talks with Airtel to pay for Google Play store content through the service provider and the customers will be charged directly to their phone bills.
Currently Airtel has nearly 40 million data subscribers in India of which 12.5 million are on 3G.

SBI bundling credit card with education loans

SBI will issue a credit card with credit limit of INR 5,000 guaranteed by the parents along with each education loan.
At June, 2014, Sbi education loan portfolio stands at INR 14,495 crore (7.21% growth Y-O-Y).

Indian Unsecured Retail Book at July, 2014

Credit card outstanding: Rs 27,300 crore (18% growth)
Consumer loans outstanding: Rs 14,100 crore (53% growth)

Factors impacting credit score

1. Repayment history (35%)
2. Credit utilization ratio (30%)
3. Duration or longevity of debt (15%)
4. Amount of new credit taken or applied for (10%)
5. Mix of credit (10%)

Factors impacting credit score

1. Repayment history (35%)
2. Credit utilization ratio (30%)
3. Duration or longevity of debt (15%)
4. Amount of new credit taken or applied for (10%)
5. Mix of credit (10%)

ICICI Bank unsecured portfolio

ICICI Bank unsecured portfolio of credit cards and personal loan stands at Rs 7,270 crore at March, 2014 (2.1% of the bank's overall loan book).

ICICI Bank outpaces rivals in growing credit card base

During FY13-14, ICICI Bank net added 0.3 million cards to portfolio- more than any other Indian bank while HDFC Bank trimmed its credit card base by 1.39 million cleaning dormant & inactive customers.
SBI & Citi bank added 0.26 million & 0.05 million respectively.
Axis: +0.27 million
HSBC: -0.01 million
SCB: -0.19 million

Total number of outstanding credit cards stood at 19.23 million at April, 2014 vs 19.55 million a year ago.

Credit card POS spends at Rs 14,577 crore in April, 2014 vs Rs 12,418 crore a year ago

Citi india net up 6% at Rs 2,893 crore in FY14

Considerable growth from all round performance in retail (especially in mortgage & cards).
Total assets stands at Rs 144,981 crore (9% growth)
Opex to income ratio stands at 34%

Real time credit scoring fuels personal loan growth in India

Outstanding consumer loans stood at Rs 13,700 crore on April 28, 2014 vs Rs 8,600 crore a year ago (60% growth).
CIBIL provides credit history information of 330 million accounts.

4.9 million Gmail password leaked by hackers

Google acknowledged the leak and said it's not because of breach of its system.
Also added In its blog that only 2% of passwords still work.

Tremendous growth of ATM & POS terminals in India

The number of ATMs has increased to over 1.6 lakhs by March-2014 from over 27,000 at March, 2007 (29% CAGR).
Also number of POS terminals has increased to 10.65 lakhs from 3.2 lakhs during the same period (19% CAGR).

Get a credit card in 2 hours from Citi Bank

Citi bank has introduced the facility of instant credit card issuance at selective Mumbai and Bangalore branch. Just fill online application along with submission of ID, address and income proof. The application will be assessed on internal parameters and bureau (CIBIL) norms and if passed all checks, personalized embossed card will be handed over the counter.

However, whether card can be immediately used, it depends on whether pin is also being issued over the counter or not.

RBI regulation impacting Uber, Google & Apple in India

Recent RBI regulation in regard to requirement of 2 step verification for payment via debit/credit card for goods/services sold/provided in India will have direct impact on Uber, Google & Amazon too. Currently these companies are using international payment gateway to receive payment from debit/credit card in India and don't require to follow 2 step verification. However, the recent regulation will require these companies to modify their existing process or need to come up with some new innovative solution to receive payments.