Bank of Baroda plans to divest 49% stake in credit card arm

Bank of Baroda plans to divest 49% stake in credit card arm

State-owned Bank of Baroda (BOB) plans to sell up to 49% stake in its credit card business arm, BOB ..

Credit card bad debt doubles to 18% for state-run banks: RBI

Credit card bad debt doubles to 18% for state-run banks: RBI

Bad debt from credit cards in public sector banks has doubled to 18% at the end of FY2023, the Reser..

Banks see credit, deposit growth in 2023

Banks see credit, deposit growth in 2023

Bank credit growth, which has been rising since early 2022, stood at 15.4% on 2 June 2023, according..

Retail loans major contributor to bank credit growth

Retail loans major contributor to bank credit growth

India’s bank credit growth has been powered by retail lending over the last few years and this is cy..

Morgan Stanley weighs RBI’s expected credit loss impact on banks

Morgan Stanley weighs RBI’s expected credit loss impact on banks

Banks are still trying to figure out what the Reserve Bank of India’s (RBI) proposed expected credit..

RBI slaps fine on HSBC for wrong credit card data

RBI slaps fine on HSBC for wrong credit card data

The Reserve Bank of India (RBI) has imposed a fine of Rs 1.74 crore on HSBC for violation of rules r..

Credit growth at 11-year high despite rise in lending rates

Credit growth at 11-year high despite rise in lending rates

Despite rising interest rates, global uncertainties and supply-chain issues, loan growth in FY2023 h..

RBI to bring credit bureaus under ombudsman

RBI to bring credit bureaus under ombudsman

The Reserve Bank of India (RBI) will bring the Credit Information Companies (CIC) under the RBI Inte..

Dhanlaxmi Bank posts strong credit growth in FY23

Dhanlaxmi Bank posts strong credit growth in FY23

Kerala-headquartered Dhanlaxmi Bank has reported a strong business year with credit growing by 16.85..

IDFC First Bank, HPCL launch co-branded fuel credit card

IDFC First Bank, HPCL launch co-branded fuel credit card

Want to save up to 6.5% on your petrol and diesel spends? Take IDFC First Bank and HPCL’s co-branded..

UBS to buy Credit Suisse for $3.25bn

UBS to buy Credit Suisse for $3.25bn

Backed by the Swiss government and the regulators, UBS has agreed to acquire its troubled rival Cred..

Canara Bank Rupay Credit Card on UPI

Canara Bank Rupay Credit Card on UPI

Canara Bank, in collaboration with NPCI, has launched the Rupay Credit Card through UPI using the BH..

Credit growth at 16.8% vs deposits' 10.3% in Dec quarter

Credit growth at 16.8% vs deposits' 10.3% in Dec quarter

Banks' credit growth doubled to 16.8% in the October-December quarter from a year earlier but was lo..

Bank credit, deposit trends in Q3

Bank credit, deposit trends in Q3

Most banks who have provided provisional data for the fiscal third-quarter have shown strong loan an..

Banks may increase deposit rates amid rise in credit growth

Banks may increase deposit rates amid rise in credit growth

Banks may have to further hike deposit rates to meet a surge in credit demand, the Reserve Bank of I..