Banks to see record credit growth of Rs 19 trillion in FY23: ICRA

Banks to see record credit growth of Rs 19 trillion in FY23: ICRA

Bank credit growth is expected to touch a new high, surpassing the Rs 19 trillion in the current fis..

Axis Bank, Samsung launch co-branded credit card

Axis Bank, Samsung launch co-branded credit card

Samsung and Axis Bank have partnered to launch a co-branded credit card, powered by Visa. The card w..

Companies flock back to banks for credit

Companies flock back to banks for credit

Something unusual happened in the sprawling loan market. HDFC Bank let go Rs 50,000 crore of wholesa..

Bank credit grows 14.2% in June quarter

Bank credit grows 14.2% in June quarter

Bank credit growth accelerated to 14.2% in the quarter ended June 2022 compared to 6% a year ago, RB..

Canara Bank CEO sees ‘decent’ double-digit credit growth; credit card arm likely by Q3

Canara Bank CEO sees ‘decent’ double-digit credit growth; credit card arm likely by Q3

Canara Bank plans to raise Rs 7,000 crore in the remaining part of the financial year and float a cr..

IndusInd Bank eyes 20% credit growth in FY23

IndusInd Bank eyes 20% credit growth in FY23

Private sector lender IndusInd Bank reported a 64.4% year-on-year rise in net profit to Rs 1,603.29 ..

RBI’s data on bank credit, deposit growth

RBI’s data on bank credit, deposit growth

Bank credit grew by 13.29% to Rs 123.81 lakh crore and deposits by 9.77% to Rs 169.61 lakh crore in ..

RBI disallows non-banks from loading credit lines on prepaid payment instruments

RBI disallows non-banks from loading credit lines on prepaid payment instruments

The Reserve Bank of India (RBI) has disallowed non-bank pre-paid wallets and pre-paid cards from loa..

Canara Bank plans to float credit card arm, rope in partner

Canara Bank plans to float credit card arm, rope in partner

State-run Canara Bank is planning to float a credit card subsidiary and is looking to rope in a part..

Bank of Maharashtra raises Rs 290 cr, eyes 16% credit growth in FY23

Bank of Maharashtra raises Rs 290 cr, eyes 16% credit growth in FY23

Bank of Maharashtra, which raised Rs 290 crore by issuing Basel III compliant additional tier 1 (AT1..

Bank credit up 7.9%, deposits rise 8.6%

Bank credit up 7.9%, deposits rise 8.6%

Bank credit grew by 7.9% to Rs 116.27 lakh crore and deposits rose by 8.6% to Rs 162.17 lakh crore i..

ICICI Bank revises credit card charges

ICICI Bank revises credit card charges

ICICI Bank credit card customers will have to pay more on cash advances and for paying dues late. Th..

Punjab National Bank CEO’s outlook on asset quality, recoveries and credit growth

Punjab National Bank CEO’s outlook on asset quality, recoveries and credit growth

A fall in bad loans, better recoveries and stronger credit growth is how managing director and chief..

Federal Bank partners Visa to launch credit card

Federal Bank partners Visa to launch credit card

The card comes in three variants and is presently being offered to the bank’s existing customers. Na..

FM Sitharaman on loan outreach, bank credit and insurance

FM Sitharaman on loan outreach, bank credit and insurance

Finance Minister Nirmala Sitharaman on Wednesday announced a district-wise credit outreach programme..