KTC stiffens card rules | Bangkok Post: business

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KTC stiffens card rules

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Krung Thai Card Plc (KTC), the country's largest credit card operator, has tightened its lending rules to prevent damage from non-performing loans (NPLs). 

Chief executive and president Rathian Srimongkol said the move was in response to the Bank of Thailand's warning about growing household debts.

He said KTC has improved its management of bad debts by cutting its billing cycles down to 30 days from 45 days.

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