Creditors’ haircuts in bankruptcy cases rise to 73% in FY24

Creditors’ haircuts in bankruptcy cases rise to 73% in FY24

The haircuts taken by creditors in bankruptcy resolutions have increased to 73% in FY24, from  ..

Bank credit to industry up, personal loans moderate

Bank credit to industry up, personal loans moderate

Bank credit to industry rose 8.5% in March 2024 compared to 5.6% a year ago while personal loans saw..

ICICI Bank blocks 17,000 credit cards amid data breach

ICICI Bank blocks 17,000 credit cards amid data breach

If you are an ICICI Bank credit card customer, you may get concerned about a glitch in the lender’s ..

RBI stops Kotak Mahindra Bank from issuing new credit cards, adding customers online

RBI stops Kotak Mahindra Bank from issuing new credit cards, adding customers online

The Reserve Bank of India (RBI) has barred Kotak Mahindra Bank from onboarding new customers through..

Axis Bank credit card users hit by fraudulent international transactions

Axis Bank credit card users hit by fraudulent international transactions

Several Axis Bank credit card customers have been impacted by fraudulent overseas transactionsz*cxSt..

RBI bars Federal Bank, South Indian Bank from adding co-branded credit card customers

RBI bars Federal Bank, South Indian Bank from adding co-branded credit card customers

The Reserve Bank of India (RBI) has directed Federal Bank and South Indian Bank to stop issuing new ..

Deposit challenges to moderate bank credit growth in FY25

Deposit challenges to moderate bank credit growth in FY25

Bank credit and deposits cannot keep running at very different levels for a long period of time and ..

Bank credit growth could moderate in FY25 amid tighter liquidity

Bank credit growth could moderate in FY25 amid tighter liquidity

Bank credit growth, which has remained strong, could moderate to 12-14% in the next fiscal if deposi..

Bank credit to industry slows in November

Bank credit to industry slows in November

Bank credit growth to industry decelerated to 6.1% in November versus 13% a year ago, data from the ..

IDFC First Bank expands youth-centric credit card portfolio with new launch

IDFC First Bank expands youth-centric credit card portfolio with new launch

Expanding its credit card offering for the youth, IDFC First Bank has launched the First SWYP Credit..

41,000 UCO Bank customers get Rs 820 cr credit, CBI conducts searches

41,000 UCO Bank customers get Rs 820 cr credit, CBI conducts searches

The Central Bureau of Investigation (CBI) has conducted searches at 13 locations in West Bengal and ..

Canara Bank plans to move credit card biz to subsidiary arm, buy out partners

Canara Bank plans to move credit card biz to subsidiary arm, buy out partners

Canara Bank is planning to buy out the stakes of its minority partners in an unlisted subsidiary and..

UCO Bank erroneously credits Rs 820 crore to account holders

UCO Bank erroneously credits Rs 820 crore to account holders

In a major slip, UCO Bank has erroneously transferred Rs 820 crore to some of its account holders du..

Post-merger, HDFC Bank’s CASA dips; surge in credit, deposits

Post-merger, HDFC Bank’s CASA dips; surge in credit, deposits

In the first quarter after merging with mortgage financier HDFC Ltd, private sector lender HDFC Bank..

Bank CEO resigns days after Rs 9,000 crore wrongly credited to Chennai cab driver

Bank CEO resigns days after Rs 9,000 crore wrongly credited to Chennai cab driver

A week after Rs 9,000 crore was wrongly credited into a taxi driver’s account, Tamilnad Mercantile B..