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%.
Still, banks continued to aggressively push credit cards and since the second quarter almost all lenders have begun to report higher delinquencies. The worst affected ones are Kotak Mahindra Bank, RBL Bank, and Axis Bank, among others.
Denne historien er fra December 06, 2024-utgaven av The Morning Standard.
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Denne historien er fra December 06, 2024-utgaven av The Morning Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Gujarat police faces SC ire over freedom of speech
THE Supreme Court on Monday said the freedom of speech and expression had to be understood by police after 75 years of the Constitution as it reserved the verdict on a plea of Congress MP Imran Pratapgarhi to quash an FIR against him for allegedly sharing a provocative song.
'Honourable exit': CM rolls out special VRS for unfit Mizoram employees
THE Mizoram government will gracefully send its unfit employees to retirement.
Restrain AP from using excess water
Andhra has already utilised 75% of Krishna water this year: T'gana CM tells Union minister
HC seeks reply on Neelam Azad's bail plea in Parl security breach case
THE Delhi High Court on Monday directed the city police to submit its response to the bail petition filed by Neelam Azad, the only woman accused in the December 13, 2023, Parliament security breach case.
Youtuber told to stay 'within decency, morality'
THE Supreme Court on Monday allowed social media influencer and YouTuber Ranveer Allahabadia to resume his show, cautioning that it must adhere to standards of \"decency and morality\".
Can't completely stop use of mobiles in schools: HC
THE Delhi HC recently ruled that imposing a complete ban on students using smartphones in schools is neither \"practical nor desirable\". Instead, it suggested guidelines to regulate smartphone usage, emphasising their role in ensuring student safety and coordination with parents.
The guide to please the rose gods
NYONE with even the tiniest inclination towards growing plants has, at some point, tried their hand at roses. And most of us — let's be honest — have failed spectacularly, except for those lucky few who must have secretly bribed the rose gods.
Jadavpur varsity clash: SFI protests against Bengal min
THE Students Federation of India (SFI) Delhi wing held a protest at Banga Bhawan on Monday against the TMC government and West Bengal Education Minister Bratya Basu.
France moots one-month partial ceasefire in Ukraine
Meant to assess Putin's appetite for peace, won't cover ground fighting
Farmer leaders stick to 'Chandigarh Chalo' as Mann walks out of meet
THE talks between the Samyukta Kisan Morcha which spearheaded the 2020-21 farmers' protest and Punjab Chief Minister Bhagwant Mann remained inconclusive, as the farmers' leaders claimed that the CM walked out of the meeting in \"anger\".
