Credit Card Services Separated from Banking, Not Retroactive to 2001 Per Section 65(33a) Interpretation.

Credit Card Services - On and from 01-05-2006 credit card services was deleted from BOFS and incorporated into a distinct service - Section 65(33a) is neither intended nor expressed to have a retrospective effect i.e. w.e.f. 16.07.2001. Services enumerated in these sub-clauses are not implicit in the scope of credit card services; - AT .....

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