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 New Indian Express Vellore.
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Denne historien er fra December 06, 2024-utgaven av The New Indian Express Vellore.
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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BOXING DAY TEST: EYE ON REDEFINITION
Rohit and Co would hope to save series with dominant performance against hosts
Deol's ton helps India seal series
HARLEEN DEOL'S maiden hundred set the foundation and India sealed the ODI series with a 115-run win over the West Indies.
Cranbrook to MCG, the rise and rise of teenager Konstas
NO MELBOURNE IDENTITY
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DOUBLE Olympic medallist Manu Bhaker finally broke her silence on her exclusion from the Khel Ratna list.
Excited with pack of pacers in SA20
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Timely lift for Haryana shuttler
DEVIKA SIHAG is stoked at the moment. She had a valid reason to be.
PM Modi meets economists ahead of Budget
PRIME Minister Narendra Modi on Tuesday interacted with a group of economists and thought leaders in preparation for the Union Budget at NITI Aayog.
Air traffic record high, IndiGo leads the pack
INDIAN airlines carried a record 1.42 crore passengers on domestic routes in November 2024, marking the highest-ever monthly traffic.
Recharge plans for voice calls, messages to benefit customer, not telcos
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Year-ender 2024: Telecom sector sees tariff hikes, user losses, Vi fundraising
INDIAN telecom sector had a mixed bag in 2024, marked by tariff hikes, subscriber losses, and fundraising by loss-making telecom service provider Vodafone Idea.
