Date:03/07/2006 URL: http://www.thehindubusinessline.com/2006/07/03/stories/2006070303111400.htm

Back SBH unveils general credit card

Our Bureau

Hyderabad, July 2

The State Bank of Hyderabad (SBH) has announced the launch of general credit card here. In a press release, the bank said the credit card was aimed at its customers in rural and semi-urban areas. The idea is to provide hassle-free credit based on assessment of cash flow. Customers with more than three years standing having sizeable deposit or loan accounts that are classified as standard assets are eligible for credit facility, with a maximum limit of Rs 25,000. The credit facility would be in the nature of revolving credit. The cardholders would be entitled to draw cash from the specified branch up to the limit sanctioned, the release said.