The scheme was launched by Chief Minister Mamata Banerjee last month to help needy students pursue higher studies.
The populist scheme. offering pupils a loan of Rs 10 lakh without guarantor, was one of the key factors that secured the support of the young voters in favour of the TMC.
Mamata Banerjee launches scheme to provide soft loans of up to Rs 10 lakh to students for higher studies
Banerjee's cabinet had last week approved the scheme, which was promised in the TMC's manifesto for the recently concluded assembly elections in the state.
Credit institutions are fast approaching a saturation level in new customers as over half of the borrowers are from the existing customer base of a bank, the report by Transunion CIBIL said.
Without knowledge of the MP, an unidentified trickster fraudulently managed to get credit card renewed and carried out transaction of USD 508.
According to the police, they received a complaint in which a man alleged that Rs 37,000 was deducted from his credit card without him sharing a one time password with anyone.
However, the airline said that CVV/CVC data of the credit card holders were not stored in their data.
There will be no effect of the RBI order on existing operations including credit cards and digital banking.
The problem with paying minimum dues on card spends is that high-cost debt with an annual interest rate of 35-40 per cent annually will pile up creating a plethora of future repayment problems.
N Sreedhar, a resident of Kukatpally, worked as an executive of Calibehr HR-a third party man power services of SBI Cards and Payment Services Private Ltd., SBI Credit Card Division.