A retail store credit card is something that almost all of us have been saddled with at least once in our lifetime. You’re wrapping up your monthly (or weekly) shopping spree and you finally reach the payment counter, and somehow, by the time you’re done, you have the store credit card in hand that gave you an overall discount of maybe 12-15% on your total bill.…
If you were applying for a loan as recently as 10 years ago, it would have been like preparing for a complicated and long drawn-out election campaign. The detailed paperwork involved, the personal visits to the banks, and meetings with the bank manager would have daunted all but the most intrepid customers.
Not today, though.
Competition from private sector banks and evolving digital and communication technologies…Continue