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India.com
12-07-2025
- Business
- India.com
This is world's most expensive credit card, celebrities and businessmen use it, its shocking spending limit is...
This is world's most expensive credit card, celebrities and businessmen use it, its shocking spending limit is… World's Most Expensive Credit Card: Nowadays, credit cards are very popular among people, especially among office goers. Several people carry more than one credit card and use them regularly. People love using credit cards because of the benefits it offers such as movie tickets, reward points, and airport lounge access. From these rewards, users indirectly save money. But if not used properly and smartly, credit cards can be a headache as well. But do you know about the credit card which is the most expensive in the world? It is the costliest credit card in the entire globe and getting it is also not a piece of cake. Let's know about the world's costliest credit card and what makes it so special. What's The Name Of The World's Most Expensive Credit Card? We all use credit cards from different companies. Various banks issue them with different interest rates and benefits. Banks also issue lifetime free cards for selected customers. However, there is a credit card that is considered the most expensive in the world, and it is issued to only 1 lakh people globally. As per media sources, the card was also launched in India in 2013, but about 200 people in the country have it. The credit card we are talking about is The American Express Centurion Card also known as the Amex Black Card. Why Is the American Express Centurion Card So Special? Launched in 2013, the Amex Black Card is an exclusive card. It is not available for everyone, and people can get it through a special invitation. The invitation is obviously sent only to super-rich people. What Benefits Do American Express Centurion Card Users Get? This premium card offers its holders access to exclusive experiences, including fine dining, luxury accommodations, and private air travel options, with expedited services at over 1400 airports across 140 countries. What Is A Spending Limit Of American Express Centurion Card? Getting this exclusive credit card is not everyone's cup of tea. American Express Bank sends special invitations to only selected people. The bank sends invitations only to very rich people, whose spending limit is up to Rs 10 crore.
Business Standard
12-05-2025
- Business
- Business Standard
Manappuram Finance rises on appointing Deepak Reddy as CEO
Manappuram Finance rose 1.14% to Rs 231.30 after the company announced that its board of directors has approved the appointment of Deepak Reddy as the chief executive officer (CEO) of the company, effective from 1 August 2025. Reddy brings over 30 years of experience in the financial services industry. He has held leadership positions at leading institutions including Bajaj FinServ, where he served for 17 years, American Express Bank (approximately 9 years), Standard Chartered Bank (1.5 years) and MIRC Electronics (JVC Onida) for about 4.5 years. An alumnus of a program, Reddy also holds a Post Graduate Diploma in Management (PGDM). The company clarified that Reddy is not related to any of the directors on the board and is not debarred from holding any directorial position by SEBI or any other regulatory authority. Following this appointment, the designation of Nandakumar V.P. will change from Managing Director & CEO to Managing Director, effective 31 July 2025. He will continue in his role as the managing director, and the newly appointed CEO will report directly to him. Founded in 1949, Manappuram Finance is a leading non-banking financial institution and the 2nd largest financier in the gold loan segment in India. It has grown to serve over 6.59 million customers through an extensive network of 5,357 branches and a workforce of 50,795 employees. It has expanded beyond gold loans into microfinance, vehicle finance, housing finance and SME lending, establishing itself as a diversified financial services provider. On a consolidated basis, the company reported a net loss of Rs 191.17 crore in Q4 FY25 as against net profit of Rs 561.53 crore in Q4 FY24. Total income for the quarter remained largely unchanged at Rs 2,363.25 crore, marginally up from Rs 2,362.22 crore reported in Q4 FY24.
