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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…
Indian banks to have steady growth in earning over next 3-4 years, fees from unsecured lending may dip, notes Jefferies report
Jefferies reports Indian banks are poised for steady earnings and return growth over the next 3-4 y…
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…
Simply Put: Is the lending party over? The dangerous tango of Indian banks with microfinance and unsecured loans
India's microfinance sector faces increasing challenges due to rising defaults, affecting the stabi…
Weekend wrap: Nvidia’s AI-driven surge, Indian banks’ steady growth and more
Nvidia has become the world's largest company amidst an AI boom, surpassing Apple. Meanwhile, the U…
Congress criticises SBI's decision to convert SIIL debt into equity, urges RBI intervention
The State Bank of India (SBI), being SIIL’s largest lender, found itself at the centre of this fina…
Banks should pass reasoned orders while declaring entity/person wilful defaulter: HC
The Bombay High Court has said banks and financial institutions should pass reasoned orders before …
PTI
78 pc of consumers choose digital banking over cash transactions
Nearly 80 per cent of financial institutions have seen an increase in cashless transactions over th…
ANI
Fitch Ratings: Indian banks' viability ratings set to flourish amid improved conditions
Fitch foresees the continuation of robust Viability Ratings (VR) for Indian banks, largely propelle…
ANI
Loan sanctioning has gone digital, but recovery still needs a 'feet on the street' approach, says RBI Deputy Governor
He also highlighted one particularly concerning practice that involves the invasion of customers' p…
ANI
War rooms and bailouts: How banks and the Fed are preparing for a US default
Convening war rooms, planning speedy bailouts and raising house-on-fire alarm bells: Those are a fe…
PTI
Satya Nadella says Google should've been the 'default winner' of the AI race
Satya Nadella said Google has the resources that should've made it the Big Tech AI leader. Instead,…
Jyoti Mann
Defaults of high-yield corporate bonds are accelerating and could bring a $46 billion wave of distressed debt in 2024, Bank of America says
Defaults could ramp up by 1.5 times next year from the $30 billion level seen over the past 12 mont…
Jennifer Sor
Wall Street sees this opaque corner of financial markets as the likeliest source of a credit crisis, Bank of America says
Investors now see "shadow banking" as the leading source of a potential credit event, respondents i…
Filip De Mott
Deutsche Bank's shares slide 10% as bets it will default on its debt soar
Investors are still fretting about the health of Europe's banks after Credit Suisse's rescue by UBS…
George Glover
Bond giant PIMCO sees another wave of bank failures coming as commercial mortgage trouble mounts
A high concentration of commercial real estate loans will cause more banks to fail, Pimco's John Mu…
Filip De Mott
The federal government's bank account just saw a sharp drop in cash as the default deadline looms
The Treasury General Account had $87.4 billion on Monday, down from $140 billion on Friday.
Jason Ma
Have a home loan? Take a term insurance policy to guarantee peace of mind
Any individual who is looking to take on a loan needs to factor in ways to mitigate the risks that …
RBI announces auction sale of Govt. securities of ₹32,000 crore
The Reserve Bank of India has announced the auction for the sale of Government Securities worth Rs …
ANI
Prem Watsa-backed Fairfax India commits up to $200 mn to IIFL Finance
Indian-Canadian billionaire Prem Watsa-backed Fairfax India on Wednesday announced its commitment t…