ProbarGOLD- Free

Credit card delinquencies increase by 110 bps to 7.6%
The New Indian Express Kochi|December 15, 2024
INDICATING the rising indebtedness of individuals and households, delinquency rates among credit card issuers or the portfolio at risk in the banking parlance, have risen by as much as 110 basis points to 7.6% as of June 2024 from 6.5% in June 2023.
- BENN KOCHUVEEDAN @ Mumbai
Credit card delinquencies increase by 110 bps to 7.6%

While the numbers from an analysis by a credit information bureau Crif Highmark, is for the June quarter, when banks didn't report much stress, in the second quarter nearly all issuers, led by Kotak Mahindra Bank, IndusInd Bank, RBL Bank and Axis Bank, among others, had reported higher delinquencies.

The average balance per card also rose to ₹32,233 by June 2024 from ₹28,919 in June 2023, the report said, indicating the rising indebtedness of cardholders.

Esta historia es de la edición December 15, 2024 de The New Indian Express Kochi.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Credit card delinquencies increase by 110 bps to 7.6%
Gold Icon

Esta historia es de la edición December 15, 2024 de The New Indian Express Kochi.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE THE NEW INDIAN EXPRESS KOCHIVer todo
The New Indian Express Kochi

There are still many Fathimas in our society

Parvana KB’s film Feminichi Fathima, which recently screened at the International Film Festival of Kerala (IFFK), explores the lives of Muslim women in her hometown of Ponnani. The film, which features a relatively new cast, has resonated with audiences and sparked conversations about religious conservatism and patriarchy.

time-read
2 minutos  |
December 19, 2024
The New Indian Express Kochi

Tourists arrive in droves as temperature drops to 6°C in Munnar

THE CHILLY weather in Munnar as 2024 nears its end is attracting visitors to the hill station in large numbers.

time-read
2 minutos  |
December 19, 2024
The New Indian Express Kochi

Nivin Pauly to present Prajod's directorial debut, Prema Pranth

NIVIN PAULY will be presenting actor Kalabhavan Prajod's directorial debut, titled Prema Pranth.

time-read
1 min  |
December 19, 2024
The New Indian Express Kochi

A ROLLICKING REBELLION THAT WAKES UP TO CHANGE

Selected for the International Competition section at the 29th IFFK, Feminichi Fathima is a sharp, satirical journey of one woman's quiet resistance, navigating the path to self-reliance and breaking free from tradition

time-read
4 minutos  |
December 19, 2024
The New Indian Express Kochi

Preeti Panigrahi, Kani Kusruti in a coming-of-age story that lingers in your head

AN ADOLESCENT girl looks at herself in the mirror. She measures her overgrown axillary hair and applies cream to the corners of her face.

time-read
2 minutos  |
December 19, 2024
The New Indian Express Kochi

Mohanlal confirms teaming up with Jithu Madhavan

Putting an end to speculations, Mohanlal has confirmed that he has committed to a film with director Jithu Madhavan, who made Romancham and Aavesham.

time-read
1 min  |
December 19, 2024
The New Indian Express Kochi

Steering towards safer minds – and roads

AFTER a polytrauma caused by a road traffic accident, a man in his late twenties is now a shattered individual. He narrowly escaped a brain injury but suffered multiple fractures and internal injuries. He lost his lower limb below the knee when his two-wheeler collided with a car during a hasty attempt to overtake.

time-read
2 minutos  |
December 19, 2024
The New Indian Express Kochi

Reel renaissance

V K Cherian’s book, Noon Films and the Magical Renaissance of Malayalam Cinema, explores the new wave in Malayalam cinema during the 1970s and 1980s, the evolution of the film society movement, and the concept of arthouse cinema. The book focuses on what Cherian calls the \"A-team of Renaissance,\" comprising Adoor Gopalakrishnan, G Aravindan, and John Abraham, and the impact of M T Vasudevan Nair’s Nirmalyam. Cherian, a film historian and associate of Adoor and Aravindan, also examines other filmmakers and actors who challenged conventions.

time-read
1 min  |
December 19, 2024
The New Indian Express Kochi

WINE, VINES & A PERFECT GETAWAY

A long-awaited one-day vineyard getaway from Bengaluru is finally possible now; and it's as delightful as it is unexpected and affordable...

time-read
3 minutos  |
December 19, 2024
The New Indian Express Kochi

Halep gets wildcard for Oz Open qualifier

SIMONA HALEP was handed a wildcard for Australian Open qualifying on Wednesday as the two-time Grand Slam champion attempts to ramp up her return to tennis following a doping ban.

time-read
1 min  |
December 19, 2024

Usamos cookies para proporcionar y mejorar nuestros servicios. Al usan nuestro sitio aceptas el uso de cookies. Learn more