Credit card NPAs surge 28% to Rs 6,742 crore

Credit card NPAs surge 28% to Rs 6,742 crore

Credit card defaults have climbed 28.42% to Rs 6,742 crore during the 12-month period ended December..

RBI lowers risk weight for micro credit, non-bank lenders

RBI lowers risk weight for micro credit, non-bank lenders

The Reserve Bank of India on Tuesday eased certain rules for bank loans to small borrowers and non-b..

Creditors recover Rs 3.58 lakh crore under  insolvency law

Creditors recover Rs 3.58 lakh crore under insolvency law

Creditors have recovered Rs 3.58 lakh crore through resolution of 1,119 cases under the insolvency l..

SBI chairman on deposits, credit growth, NIM as bank’s Q3 net rises 84%

SBI chairman on deposits, credit growth, NIM as bank’s Q3 net rises 84%

State Bank of India chairman CS Setty is sticking to the new guidance that the country’s larges..

IDFC First Bank launches FIRST EA₹N RuPay credit card

IDFC First Bank launches FIRST EA₹N RuPay credit card

IDFC First Bank has launched a UPI-enabled RuPay credit card called FIRST EA₹N.The credit card is ba..

Supreme Court removes 30% interest cap on credit card dues

Supreme Court removes 30% interest cap on credit card dues

The Supreme Court has removed the 30% cap on interest rates charged by banks for late credit card bi..

RBI allows small finance banks to offer pre-sanctioned credit lines via UPI

RBI allows small finance banks to offer pre-sanctioned credit lines via UPI

The Reserve Bank of India has proposed to allow small finance banks (SFBs) to extend pre-sanctioned ..

Bank credit to industry at 8% in October

Bank credit to industry at 8% in October

Banks have seen a slower growth in personal loans while credit to industry and agriculture have gone..

RBL Bank, Bajaj Finance end credit card partnership

RBL Bank, Bajaj Finance end credit card partnership

RBL Bank and Bajaj Finance have ended their 8-year-old partnership to roll out co-branded credit car..

ARCs need to standardise credit bureau reporting: RBI

ARCs need to standardise credit bureau reporting: RBI

The Reserve Bank of India has directed asset reconstruction companies (ARCs) to set up a standard op..

HDFC Bank sells Rs 6,000 cr home loans to trim credit book

HDFC Bank sells Rs 6,000 cr home loans to trim credit book

HDFC Bank has sold a housing loan portfolio of about Rs 6,000 crore ($717 million) as part of the ex..

PNB credit card rolls out offers for Zomato, Blinkit users

PNB credit card rolls out offers for Zomato, Blinkit users

Punjab National Bank (PNB) has tied up with Zomato and Blinkit to offer exclusive discounts to their..

RBI to launch ULI to ease credit flow to small borrowers

RBI to launch ULI to ease credit flow to small borrowers

After UPI has revolutionised the retail payment system, the Reserve Bank of India (RBI) is all set t..

RBI sets guidelines to manage model risks in credit

RBI sets guidelines to manage model risks in credit

The Reserve Bank of India (RBI) has laid down broad principles for management of model risks in cred..

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  ..