RBI Credit Card? Reserve Bank says don’t fall in the trap - Moneylife

RBI Credit Card? Reserve Bank says don’t fall in the trap - Moneylife





My VIEW:
Reading first the title
and the introduction, I had skipped this article, as I thought, credit card
holders should be literate enough to know that first they should approach their
bank for their banking needs and as RBI’s last and only account opened in the
name of an individual was in favour of C D Deshmukh, Governor. But the modus
operandi of the miscreants as explained in the article is scaring.
Perhaps, beyond FINANCIAL
INCLUSION, RBI and banks should have a nation-wide financial literacy drive
suggesting each individual/family getting tagged to a bank branch to ensure the
individual’s financial health. Like the family doctor, the FAMILY BANKER should
help the individual/family in identifying the right savings and credit ‘products’
best suited for specific needs.





M G
Warrier

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