Credit card defaults have climbed 28.42% to Rs 6,742 crore during the 12-month period ended December 2024, RBI data shows.
Households have a debt problem at hand as they are over-leveraged and their income growth has remained sluggish; their debt has increased from 36.6% of GDP in June 2021 to 42.9% in three years.
Women own 39.2% of bank accounts in India and contribute to 39.7% of total deposits the proportion, according to a government report; in rural areas they make up 42.2% of account holders.
IDFC First Bank’s loan book rises 20.3% YoY to Rs 2,41,848 crore in Q4; deposits up 25.2% to Rs 2,42,546 crore.
After Grant Thornton submits investigative report into accounting lapses in derivatives portfolio, IndusInd Bank MD & CEO Sumant Kathpalia resigns as part of top management shakeup; a day earlier, deputy CEO Arun Khurana had resigned.
RBI allows banks to increase charges on ATM cash withdrawals beyond free monthly usage by Rs 2 to Rs 23 per transaction from May 1.
RBI imposes penalty of Rs 75 lakh on HDFC Bank for non-compliance with KYC norms; Punjab & Sind Bank was fined Rs 68.20 lakh.
This is largest dollar-denominated syndicated loan this year from India; foreign-currency loans have declined 30% to $3.2 bn in 2025.
RBI makes major changes in priority sector lending norms, including raising loan limits for housing and renewable energy.
Yes Bank had transferred its stressed assets loan portfolio to the tune of Rs 48,000 crore to JC Flowers ARC in December 2022.
After a Rs 11,000 crore mop up, IndusInd Bank has raised another Rs 2,750 crore by issuing CDs across a range of maturities at a coupon rate of 7.90%.
Amid deposit withdrawals following disclosure of accounting discrepancy in derivatives book, IndusInd Bank raises Rs 11,000 cr by selling CDs; move to boost investor confidence.
PwC’s external audit report will help determine who is responsible for accounting discrepancy in IndusInd Bank, says Ashok Hinduja; lender has not sought any fresh capital from promoters.
Reserve Bank of India and the Bank of Mauritius have signed a pact to set up a framework to promote the use of the Indian rupee and the Mauritian rupee for cross-border transactions.
Highest write off of Rs 2,36,265 cr was in 2018-19 and lowest of Rs 58,786 cr was in 2014-15 in the last decade; in FY24, write off amount was Rs 1,70,270 cr.
