Global banks are pulling back credit cards once prized by rich Indians - Business News, Finance News, Share Market News - Market trendz

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Monday, 10 August 2026

Global banks are pulling back credit cards once prized by rich Indians


Several offshore banks are becoming reluctant to issue or renew international credit cards for wealthy resident Indians due to Indias 180-day rule on deploying overseas funds. The requirement is also creating difficulties for minors holding foreign accounts under the Liberalised Remittance Scheme.

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