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Credit card growth experiencing a slowdown, as borrowers struggle to pay back loans

Growth in credit card spending across the system has dropped to about 13% year-on-year (y-o-y) in A…

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1 min read

16 million credit cards purchased in FY 2023-24, UPI payments up by 42%: PwC report

16 million credit cards purchased in FY 2023-24, UPI payments up by 42%: PwC report

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What has changed for your credit cards, starting today?

Starting today, RBIs new rules mandate that all credit card transactions in the country be processe…

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3 mins read

Loan-to-deposit ratio will subside on its own in coming months, notes Motilal Oswal report

As of 9th August, 2024 the Indian banking sector's loan-to-deposit (LD) ratio stood at 77.2 %, whic…

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6 mins read

Is the lending party over? The dangerous tango of Indian banks with microfinance and unsecured loans

India's microfinance and unsecured loan sector is facing a crisis with rising NPAs that threaten ov…

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3 mins read

Making online payments safer – Here’s how to tokenise your card

Many of us would have seen Amitabh Bacchan on television telling us that by tokenising our cards we…

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7 mins read

The dark truth behind RBI’s crackdown on easy personal loans

The Reserve Bank of India tightened capital norms for lenders disbursing unsecured loans to unsuspe…

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2 mins read

Did you know the RBI Ombudsman received 68% more complaints in FY2023? Here’s how to file your grievance

Recently, the Reserve Bank of India (RBI) reported that the complaints to the Ombudsman have gone u…

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RBI directs card issuers to offer choice among card networks, bans restrictive agreements

According to a press release, the central bank prohibited card issuers from entering into agreement…

ANI   


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7 mins read

Banks have finally fixed the single most annoying thing about credit cards

Banks are using huge amounts of data to separate legitimate purchases from scams. That's great for …

Emily Stewart   


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3 mins read

Credit card portability explained: From what are the benefits to what it entails

A card network is a financial infrastructure that enables transactions and communication between me…

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2 mins read

RBI allows banks to issue RuPay prepaid forex cards

By promoting electronic payments, RuPay aligns with the Reserve Bank of India's goal of fostering a…

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1 min read

SBI Card Q3 profit rises 8 pc to ₹549 crore

Total operating cost increased by 23 per cent at Rs 2,426 crore for the third quarter of FY24…

PTI   


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RBI asks card network to restrain unauthorised commercial payment system

The Reserve Bank of India on Thursday restrained a card network, that had an arrangement to enable …

ANI   


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RBI's vigilance: New consumer credit norms to bolster India's financial stability amidst surging loan growth

In a proactive move aimed at mitigating potential systemic risks associated with the rapid growth o…

ANI