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 […]
Tag: bfsi
SBI hikes lending rate by 5 basis points
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
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 […]
HDFC Bank onboards 1 lakh customers and 1.7 lakh merchants on CBDC platform
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
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
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
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 […]
Pushing e-rupee payments using UPI infra on RBI’s agenda
In what is an ambitious e-rupee payments goal, the Reserve Bank is seeking to drive daily CBDC transactions to 10 lakh from up to 10,000 […]
Aim to increase e-rupee transactions to 10 lakh per day by 2023-end: RBI DG T Rabi Sankar
MUMBAI: The Reserve Bank of India, which is aiming for a million retail central bank digital currency (CBDC) transactions per day by the end of […]
Hindujas look to raise up to $1b to finance Reliance Capital acquisition
New Delhi: The Hinduja family has sounded out global credit funds to raise up to $1 billion (about ₹8,200 crore) to finance the potential acquisition […]