Economic Times
Credit card dues and defaulters are rising, with defaulters reaching 1.8% in June. Outstanding credit card debt has grown significantly, stressing the
Indian banks have shown strong asset quality metrics in the June quarter of 2024. Gross non-performing loans fell by 15.2% year-on-year to Rs 4.57 lak
InCred Financial, backed by KKR, has appointed Gaurav Maheshwari as its new chief financial officer. Maheshwari, previously with Standard Chartered Ba
A 70-year-old retiree faces a dilemma over renewing his ₹73,000 health insurance policy or relying on the government's Ayushman Bharat scheme, which
Indian banks have made significant progress in reaching remote areas, but more needs to be done to improve last mile credit delivery, said RBI Deputy
Sengupta will oversee all people and workplace-related functions for the 1,700+ Zeta employees globally, the company said.
Digital lenders have seen a 27% year-on-year growth in loan disbursements, reaching Rs 37,686 crore, according to data from the Fintech Association fo
HDFC Bank, India's largest private sector lender, may see its loan growth dip below 10% in the September quarter due to plans to sell Rs 70,000 crore
Axis Bank and Mastercard have teamed up to launch MyBiz, a business credit card tailored for sole proprietors and small business owners. The card offe
Indian banks' loan-to-deposit ratios are expected to improve after most reported increases in the April–June quarter. Deposit growth has slowed, wit
Default rates in credit cards and unsecured loans are rising, with losses in credit cards nearing 6%. Young millennials are reportedly defaulting with
Aditya Birla Group's renewable energy arm, Aditya Birla Renewables Limited, has raised Rs 2500 crore through non-convertible debentures. The funds wil
India's retail credit growth slowed in June 2024, driven by a significant drop in home loan originations. The TransUnion CIBIL report shows a decline
Spandana Sphoorty Financial has sold stressed loans worth Rs 304.41 crore to an asset reconstruction firm for Rs 16.74 crore. The sale, approved by th
In an interview with ET, Jamie Dimon, CEO of JPMorgan, emphasized that geopolitics will shape the global economy more than finance. He highlighted the
Data from TransUnion CIBIL indicates an improvement in credit culture, with the share of prime-rated borrowers rising to 55% by June 2024. However, re
REC Ltd has successfully raised $500 million through a five-year bond, priced at 4.78%, attracting global investors. This could pave the way for more
The share of prime-rated individual borrowers in India has increased, indicating an improvement in credit culture, according to TransUnion CIBIL. Howe
Proxy advisory firm InGovern has expressed concern over Religare Enterprises' postponement of its 40th annual general meeting without a valid reason.
The Finance Ministry has urged banks to implement effective monitoring and oversight mechanisms for managing pending cases in Debt Recovery Tribunals
