New credit card issuances plunge 50% in Oct to 7.8L as against 16L a year ago
The New Indian Express Mysuru|December 06, 2024
THE credit card industry saw a sharp 50% year-on-year decline in new card issuances to a meagre 7.8 lakh in October as against 16 lakh cards issued in the same month last year.
ENS ECONOMIC BUREAU @Mumbai
New credit card issuances plunge 50% in Oct to 7.8L as against 16L a year ago

In November 2023, the Reserve Bank, fearing a bubble build-up in the unsecured loans segment, which has been growing at three times the other loans for nearly two years, asked credit card issuing banks to set aside 25 percentage points more money as risk capital, taking the total to 150%.

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The New Indian Express Mysuru

NIA conducts raids in 17 places across 4 states in Muzaffarpur arms haul case

THE anti-terror federal probe agency NIA on Wednesday conducted raids at 17 locations, including 12 in Bihar, in connection with its investigation into a case linked to the recovery of AK-47 assault rifle and ammunition in Muzaffarpur in May this year, officials said.

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1 min  |
December 19, 2024
The New Indian Express Mysuru

THE PETROV DILEMMA & AI

N 1983, the Soviet Union's Oko early-warning system issued a critical alert, signaling an imminent nuclear strike from the US.

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3 minutos  |
December 19, 2024
The New Indian Express Mysuru

THE NEED FOR A JUDICIAL CODE OF CONDUCT

The latest case of a judge crossing lines of propriety is part of an alarming trend. With its 1997 code on judicial values breached, the Supreme Court needs to frame new rules

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4 minutos  |
December 19, 2024
The New Indian Express Mysuru

Nod from CM must for transfers after general transfer period

CHIEF Minister Siddaramaiah has directed the chief secretary to direct department heads not to transfer officials without prior permission from him after the general transfer period every year.

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1 min  |
December 19, 2024
The New Indian Express Mysuru

Mysore Sandal Soap planning new packaging, logo

KARNATAKA Soaps and Detergents Limited (KSDL), globally recognised for its iconic Mysore Sandal Soap, is set to expand its footprint with the addition of around 480 new distributors across India in 2025.

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1 min  |
December 19, 2024
The New Indian Express Mysuru

Temple damage: CMO says repairs carried out

FOLLOWING a report in The New Sunday Express on the defacing of the historical Sudi Jodu Kalasa temple in Sudi, 30km from Badami city, the Chief Minister's Office (CMO) has responded, saying necessary measures have been taken to restore the monument.

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1 min  |
December 19, 2024
The New Indian Express Mysuru

SNEHAMAYI ALLEGES INDUCEMENTS TO WITHDRAW CASE

Says he didn't give in to relentless pressure

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1 min  |
December 19, 2024
The New Indian Express Mysuru

BJP TAKES GOVT TO TASK OVER RECENT MATERNAL DEATHS

Ashoka: Govt caught in medical mafia grip, judicial probe needed

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1 min  |
December 19, 2024
The New Indian Express Mysuru

K'taka collected ₹15K cr addnl tax from stamps & registration

KARNATAKA Revenue Minister Krishna Byre Gowda informed the Council that in the present fiscal year, the State Government has collected Rs 15,145 crore in additional tax from stamps and registration.

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1 min  |
December 19, 2024
The New Indian Express Mysuru

₹260CR 'SCAM' IN POWER CORPORATIONS, SAYS COUNCIL LOP

A scam to the tune of Rs 260 crore has taken place in the power corporations in the state, Leader of Opposition in Council Chaluvadi Narayanaswamy has alleged.

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2 minutos  |
December 19, 2024