New credit card issuances plunge 50% in Oct to 7.8L as against 16L a year ago
The New Indian Express Shivamogga|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%.

Denne historien er fra December 06, 2024-utgaven av The New Indian Express Shivamogga.

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Denne historien er fra December 06, 2024-utgaven av The New Indian Express Shivamogga.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA THE NEW INDIAN EXPRESS SHIVAMOGGASe alt
The New Indian Express Shivamogga

Do early screening to prevent vision loss due to diabetes

DIABETIC RETINOPATHY

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2 mins  |
December 24, 2024
The New Indian Express Shivamogga

GREEN CORNER IN BOXING DAY BOUT

MCG curator says grass on the surface should excite pacers

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4 mins  |
December 24, 2024
The New Indian Express Shivamogga

Beau is not afraid of Test challenges

IMAGINE being Beau Webster. You had just helped Tasmania beat New South Wales at the Sydney Cricket Ground in the Sheffield Shield game around late November. A 61 and 49 with the bat while taking five wickets across two innings. You get called up as cover for Mitchell Marsh ahead of the pink ball Test against India.

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3 mins  |
December 24, 2024
The New Indian Express Shivamogga

Scrap dealer's son Sairaj claims gold

SAIRAJ Pardeshi was pretty clear what he had to become when he was only eight.

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2 mins  |
December 24, 2024
The New Indian Express Shivamogga

Naveen & Lokesh one hit away from national glory

IT was a mixed outing for shuttlers from Tamil Nadu in the ongoing Senior National Badminton Championships in Bengaluru on Monday.

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1 min  |
December 24, 2024
The New Indian Express Shivamogga

Hyderabad FC squander 2-goal lead to suffer loss

HYDERABAD FC have endured a difficult run in the ongoing Indian Super League so far. And things turned from bad to worse on Monday.

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1 min  |
December 24, 2024
The New Indian Express Shivamogga

Adani Defence acquires 85.8% in Air Works

ADANI DEFENCE Systems & Technologies Ltd. (ADSTL) in acquiring 85.8% shareholding in Air Works (AWIEPL), India's largest private sector MRO company with the largest pan-India footprint, said the Adani Group company on Monday. ADSTL will acquire the stake at an enterprise value of ₹400 crore.

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1 min  |
December 24, 2024
The New Indian Express Shivamogga

Razorpay grants employees ₹1L ESOPs to mark 10-yr of operation

FINTECH major Razorpay is awarding employee stock option plans (ESOPs) worth ₹1 lakh to all its current employees as part of its 10 years celebration.

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1 min  |
December 24, 2024
The New Indian Express Shivamogga

Honda-Nissan to be 3rd-largest carmaker

JAPANESE auto giants Honda and Nissan have announced plans to merge operations, creating the world's third-largest automaker by sales, trailing only Toyota and Volkswagen.

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1 min  |
December 24, 2024
The New Indian Express Shivamogga

Women represent 20% of crypto exchange CoinDCX's high networth customers

WITH the increasing adoption of cryptocurrency, women are now representing 20% of crypto exchange CoinDCX's HNI (high net-worth individual) customers.

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1 min  |
December 24, 2024