BFSI Archives - Page 109 of 171 -

Brics-promoted bank keen to add members

17/07/2023
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Gandhinagar: The Brics-promoted New Development Bank (NDB) has started membership expansion to make the bank a global institution, said Leslie Maasdorp, the bank’s vice president […]

Credit Card default surges as retail credit grows

15/07/2023
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Credit card payment defaults have surged in June 2023 despite the growth of credit card lending, as per a TOI report. Unsecured credit portfolios and […]

SBI hikes lending rate by 5 basis points

15/07/2023
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State Bank of India (SBI), country’s largest lender, has raised its marginal cost of funds based lending rate (MCLR) by 5 basis points (bps) across […]

France gets India’s UPI, tourists can make payments in Rupees: PM Modi

14/07/2023
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India’s Unified Payments Interface (UPI) payment system will soon be available in France. Prime Minister Narendra Modi announced this on Thursday. PM Modi said that […]

BFSI

HDFC Bank onboards 1 lakh customers and 1.7 lakh merchants on CBDC platform

14/07/2023
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Private lender HDFC Bank on Thursday said it has onboarded over 1 lakh customers and 1.7 lakh merchants under the Central Bank digital currency (CBDC) […]

Reward points and freebies push credit card spends to record levels

13/07/2023
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Credit card usage has surged to a record, but what is driving it is not consumption, but the reward points and freebies associated with card […]

Vehicle loans outstanding rise 22 pc in May despite high interest rates

13/07/2023
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Vehicle loans outstanding increased by 22 per cent year-on-year to Rs 5.09 lakh crore in May, notwithstanding the Reserve Bank’s rate hike spree in 2022-23. […]

Satya MicroCapital raises Rs 53 crore in ECB from German bank

13/07/2023
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Microfinance company Satya MicroCapital raised about Rs 53 crore in external commercial borrowing from a German co-operative bank, which focuses on sustainable development. The deal […]