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..

RBI allows credit card linking with UPI, RuPay gets first to bat

RBI allows credit card linking with UPI, RuPay gets first to bat

The Reserve Bank of India (RBI) has allowed linking of RuPay credit cards to the UPI network, settin..

 SBI posts record quarterly profit, eyes double-digit credit growth in FY23

SBI posts record quarterly profit, eyes double-digit credit growth in FY23

State Bank of India (SBI), which reported its highest ever quarterly profit, is looking to grow its ..

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..

NBFCs can issue credit cards but with RBI nod

NBFCs can issue credit cards but with RBI nod

Non-banking financial companies (NBFCs) can now issue credit cards but will need to get prior permis..

RBI tightens rules for credit card issuers

RBI tightens rules for credit card issuers

Reserve Bank of India (RBI) has tightened the rules for credit card issuers like banks and new entra..

Key RBI Credit Policy Highlights

Key RBI Credit Policy Highlights

. RBI MPC maintains status quo on rates unanimously at 4%. RBI MPC votes unanimously for Accommodati..

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..

Budget: MSME sector gets support, credit line extended

Budget: MSME sector gets support, credit line extended

The Union Budget 2022 has laid focus on infrastructure and the MSME sector, which accounts for 45% o..

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..

Retail-led credit model face headwinds amid rise in home loan delinquencies: RBI

Retail-led credit model face headwinds amid rise in home loan delinquencies: RBI

With corporate credit staying sluggish for quite some time now, banks had turned aggressively to the..

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..

PNB to house credit card biz in subsidiary, offload stake in future

PNB to house credit card biz in subsidiary, offload stake in future

Punjab National Bank (PNB) will hive off its newly set up credit card business into a wholly owned s..

Retail loans march ahead of corporate credit amid Covid-19

Retail loans march ahead of corporate credit amid Covid-19

A surge in gold loans has pushed retail advances to the top of bank credit for the first time. Loans..