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2 mins read
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…
2 mins read
RBI action on Kotak Mahindra Bank may restrain credit growth, profitability: S&P
Credit cards are a higher-yielding target growth segment for Kotak Mahindra Bank. This portfoli…
PTI
3 mins read
HDFC Bank remains the market leader despite an eight-month ban on selling new credit cards
The Reserve Bank of India (RBI) has partially lifted its technology ban on the leading private sect…
3 mins read
Bank of Baroda enables digital loans through the Account Aggregator framework – here’s what it means and how to use it
Bank of Baroda today announced the rollout of digital loans through the Account Aggregator framewor…
2 mins read
HDFC Bank’s digital services are glitching again despite RBI’s warning and ban on launching new products
HDFC Bank’s digital banking services are on the outs again. India’s largest private sector lender i…
4 mins read
Indian markets open flat ahead of RBI policy outcome – Vedanta, HDFC AMC, Bikaji Foods among stocks to watch out for
Indian benchmark indices Sensex and Nifty50 opened flat on Wednesday ahead of the RBI monetary poli…
3 mins read
IDFC First Bank joins ICICI Bank, Yes Bank and others in stopping services to crypto companies, despite RBI's nudge to ignore its 2018 order
IDFC First Bank isn't the only one to keep its distance from the volatile markets. ICICI Bank,…
3 mins read
HDFC Bank withdraws letter on crypto transactions after RBI clarifies that its 2018 circular is no longer valid
India’s cryptocurrency regulations have been unclear, to say the least. The issues began…
3 mins read
Shrinking car and two-wheeler sales is now hurting India’s biggest private bank
Shrinking retail loans was the primary reason for investor disappointment. Now, the lack of borr…
5 mins read
ICICI Bank leaves SBI behind in credit card spends as it chases HDFC Bank in pole position
As fear of a third Covid-19 wave in India eased and festive sales began, ICICI Bank surpassed State…
1 min read
RBI removes ban on Diners Club International while restriction on Mastercard, American Express continues
The Reserve Bank of India (RBI) has lifted a ban on payment system operator Diners Club Internation…
2 mins read
Paytm’s shares hit an all-time low plunging below the ₹700-mark after RBI pulls up its payments bank
The development comes after the Reserve Bank of India (RBI) barred Paytm Payments Bank from opening…
2 mins read
Bank OTP issue – SBI, ICICI, HDFC and other bank customers could face OTP issues from April 1
OTPs (one-time passwords) from banks have become an essential part of our lives now, especially if …
3 mins read
India's largest private sector bank is now bigger than the likes of Lockheed Martin, HSBC or BlackRock
HDFC Bank crossed a new milestone as its market capitalisation hit ₹8 lakh crore ($108 billion) whe…
2 mins read
HDFC Bank mobile app faces outage, issue resolved after one hour
"We are experiencing some issues on the MobileBanking App. We are looking into this on priority…
PTI
3 mins read
Sensex, Nifty50 open in the red amid negative global cues – TVS Motor, Adani Enterprises, HDFC among stocks to watch out for
India’s benchmark indices Sensex and Nifty50 opened in the red on Tuesday amid negative cues in the…
4 mins read
Sensex, Nifty50 surge post RBI rate hike – IT, metal stocks lead gains while auto, realty stocks drag
India's benchmark indices Sensex and Nifty50 are likely to open in the green on Wednesday amid mixe…
2 mins read
Sensex, Nifty50 open weak tracking global markets -- SBI, Vodafone Idea, Uniparts India among stocks to watch out for
Sensex and Nifty50 opened lower on Monday following weak global markets and ahead of November’s ret…
4 mins read
Markets witness choppy trading as realty, bank and auto indices drag
India’s benchmark indices Sensex and Nifty50 witnessed a see-saw movement in the first half of trad…
2 mins read
European Union votes against banning Bitcoin-like cryptos that use proof-of-work method
A proposal to ban mining and transactions of energy-intensive cryptocurrencies like Bitcoin, Ethere…