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  ..

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 ..

RBI asks credit card issuers to let customers choose networks

RBI asks credit card issuers to let customers choose networks

The Reserve Bank of India (RBI) has directed banks to provide an option to their eligible customers ..

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 ..

Credit growth to moderate to 14% in FY25 if deposits lag: S&P

Credit growth to moderate to 14% in FY25 if deposits lag: S&P

Bank credit growth in India is expected to moderate to 14% in fiscal 2025 from the existing 16% if t..

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..